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U.S. Department of Transportation Announces $152.2 Million Loan to Riverside County Transportation Commission Toward Funding the I-15 Express Lanes Project

July 24, 2017 - in Financial, News

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department of Transportation’s Build America Bureau (Bureau) will provide a $152.2 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Riverside…

U.S. Department of Transportation Announces $290.6 Million in Infrastructure Grants to 105 Airports

July 21, 2017 - in Financial, News

WASHINGTON – The U.S. Department of Transportation today announced the Federal Aviation Administration (FAA) will award $ 290.6 million in airport infrastructure…

MDOT Refunds Bonds, Saves Taxpayers Millions

July 21, 2017 - in Financial, News

Batesville, Miss.–The Mississippi Department of Transportation (MDOT) recently refunded H.E.L.P (Highway Enhancement through Local Partnerships) bonds…

House Panel’s 2018 USDOT Bill Would End TIGER Grants, Cut Highway Funding Authority

July 19, 2017 - in Financial, News

House appropriators advanced a 2018 Department of Transportation spending bill that would eliminate TIGER infrastructure grants, make up to $900 million available for Amtrak Gateway projects in New York City, curb other new transit project funding and strip…

FHWA Tells State DOTs How Much Contract Authority They Lose This Year in Rescission

July 5, 2017 - in Financial, News

The Federal Highway Administration informed state departments of transportation how much each is losing as of June 30 in certain categories of highway program contract authority, as Congress required in the fiscal 2017 government funding bill that it sent…

USDOT Re-Solicits for Most 2017 FAST Act Grant Funds, Combines With 2018 Round

July 5, 2017 - in Financial, News, Transportation

In an overhaul of the infrastructure grant program authorized by the five-year Fixing America's Surface Transportation Act, the U.S. Department of Transportation said it will take new applications over the next four months for about $710 million in 2017 grants,…

U.S. Department of Transportation Launches Infrastructure For Rebuilding America (INFRA) Grant Program, Announces New Funding Opportunities

July 5, 2017 - in Financial, News

WASHINGTON - The Department of Transportation (DOT) is announcing the Infrastructure for Rebuilding America (INFRA) discretionary grant program through a Notice of Funding Opportunity (NOFO) in the Federal Register today. The INFRA program will make approximately…

iCON Infrastructure Closes New €1.2 Billion Fund

July 3, 2017 - in Financial, News

iCON Infrastructure is pleased to announce the first and final closing of a new €1.2 billion fund, iCON Infrastructure Partners IV, L.P. (“iCON IV"). iCON IV’s single close at its €1.2 billion hard cap comes just three months after commencing fundraising…

Federal Airport Construction Program Funding Only Meeting 50% of Identified Needs, New Analysis Finds  

June 27, 2017 - in Financial, News, Transportation

WASHINGTON - A new analysis of Federal Aviation Administration (FAA) data finds that current airport construction funding levels are only half of what is necessary to make safety improvements and help reduce runway congestion.   The analysis, conducted…

Kentucky Agency Distributes $24.9M for Congestion Mitigation, Transportation Alternatives

June 20, 2017 - in Financial, News

Gov. Matt Bevin approved $24.9 million in local awards from two federal programs administered through the Kentucky Transportation Cabinet – one for congestion mitigation and air quality projects and the other for projects that provide transportation alternatives…