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BUILD Infrastructure Grants Reduced in Recent Funding Deal

February 20, 2019 - in Financial, News

Funding for grants meant to assist states with infrastructure projects of regional significance was cut under the recently signed law ensuring federal agencies remain open through fiscal 2019. The Better Utilizing Investments to Leverage Development, or BUILD,…

USDOT Formally Awards Florida City $25M BUILD Grant

February 19, 2019 - in Financial, News

Transportation Secretary Elaine Chao officially awarded the City of Jacksonville, FL, and the Jacksonville Transportation Authority a shared $25 million…

Seven State DOTs Get FHWA Grants to Test ‘Alternate’ Infrastructure Funding Methods

February 19, 2019 - in Financial, News

The Federal Highway Administration awarded $10.2 million in Surface Transportation System Funding Alternatives or STSFA grants to seven state departments…

FHWA Awards More Than $10 Million to Seven States to Test New Ways to Fund Highways

February 15, 2019 - in Financial, News

WASHINGTON — The Federal Highway Administration (FHWA) today announced $10.2 million in Surface Transportation System Funding Alternatives (STSFA) grants to seven states to test new ways to finance highway and bridge projects.  The program’s goal…

U.S. Department of Transportation Announces $30 Million Funding Opportunity for Passenger Ferry Service

February 14, 2019 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the opportunity to apply for approximately $30 million in Fiscal Year 2019 competitive grant funding for passenger ferry projects nationwide. The…

Citi Tops GlobalData’s Global M&A Financial Adviser League Table in the Power Sector for FY2018

February 12, 2019 - in Financial, News

Citi has topped the latest M&A league table of the top 10 financial advisers for the power sector based on deal value in FY2018, compiled by GlobalData, a leading data and analytics company. The American bank advised on $117.1bn worth of deals, which included…

U.S. Secretary of Transportation Elaine L. Chao Joined by Jacksonville Officials to Formally Announce $25 Million BUILD Grant for Revitalization Projects

February 12, 2019 - in Financial, News

JACKSONVILLE – U.S. Department of Transportation Secretary Elaine L. Chao today made the formal announcement of a $25 million grant to support the Bay Street Innovation Corridor and Urban Core Riverfront Revitalization projects in Jacksonville. Secretary…

Changes to Key Infrastructure Funding Processes Proposed in Two New Bills

February 12, 2019 - in Financial, News

A proposal to raise the federal statutory cap on private activity bonds or PABs and making changes to the Transportation Infrastructure Finance and Innovation Act or TIFIA funding program are the focus of two new pieces of legislation co-sponsored by Sen.…

Bill Revived to Eliminate Electric Vehicle Subsidy, Impose Alternative Fuel Vehicle Fee

February 12, 2019 - in Financial, News

Sen. John Barrasso, R-Wyo., and Rep. Jason Smith, R-Mo., re-introduced a bill on Feb. 6 that Sen. Barrasso initially proffered last October in the waning days of the 115th Congress; legislation that seeks to end electric vehicle federal tax credits while imposing…

House Transportation & Infrastructure Committee Hears Pitch to Raise Gas Tax

February 11, 2019 - in Featured, Financial, News

By John Schneidawind, vice president of public affairs, ARTBA If the experience of newly elected Minnesota Gov. Tim Walz (D) is any indication, campaigning on raising the gas tax isn’t political suicide. It’s a path to victory. Speaking Feb. 7 before a…