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Hawaii DOT Airports Division Says Rise in Bond Rating to Cut Infrastructure Costs

November 7, 2017 - in Financial, News

The Hawaii Department of Transportation's Airports Division said an upgrade in the revenue bond rating for the state airport system means it can make infrastructure improvements at lower debt service costs. HDOT said Fitch Ratings raised its rating to A+ from…

FHWA Reopens Pilot Program to Allow Three States to Toll Interstate Segments

November 7, 2017 - in Financial, News

The Federal Highway Administration is taking applications until Feb. 20 to allow up to three states to levy tolls on existing interstate highway segments,…

GOP Tax Plan Would Affect Bonding, Transit Benefits; End Credit for Electric Vehicles

November 7, 2017 - in Financial, News

The proposed Republican tax reform plan would end private-activity bonds and tax-credit bonds that finance some types of infrastructure projects, a credit…

DOT Should Take Actions to Improve the Selection of Freight and Highway Projects

November 6, 2017 - in Financial, News

In 2016, the Department of Transportation (DOT) developed a multi-phased review and selection process for a new grant program—the Fostering Advancement in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE). DOT…

Congress Completes Latest Disaster Aid Bill

October 31, 2017 - in Financial, News

The Senate on Oct. 24 followed the House in passing legislation to provide $36.5 billion in disaster relief for victims of recent hurricanes and wildfires, and President Trump signed into law Oct. 26. Also included is emergency credit to Puerto Rico to keep…

Highway Trust Fund Excise Tax Receipts Showed No Growth in Fiscal 2017

October 31, 2017 - in Featured, Financial, News

The government's combined receipts from all excise taxes in the Highway Trust Fund showed no growth in the federal fiscal year that ended Sept. 30, the Treasury reported, as a large decline in retail taxes on commercial trucks more than offset mild gains from…

FHWA Awards More than $15 Million to Six States for Exploring New Ways to Pay for Highways

October 27, 2017 - in Financial, News

WASHINGTON – The Federal Highway Administration (FHWA) today announced $15.5 million in Surface Transportation System Funding Alternatives (STSFA) grants to six states that are exploring new ways to fund highway and bridge projects. Alternatives to conventional…

VW Trust Takes Effect, Starts Process for States to Begin Using $3B in Project Funding

October 24, 2017 - in Financial, News

After months of court filings to finish a major legal settlement by automaker Volkswagen over charges of violating the Clean Air Act, a countdown has begun for states to tap into a nearly $3 billion mitigation projects fund VW has established for the transportation…

Reports: Trump Tells Senators Tax Reform Can Pay for Infrastructure Plan

October 24, 2017 - in Featured, Financial, News

President Trump told members of the tax-writing Senate Finance Committee that lawmakers can find funds to pay for a major infrastructure investment program out of a pending tax overhaul, and could perhaps combine those measures, news reports said. That,…

Billion-Dollar Projects Fuel Spike in Private Sector Infrastructure Investment

October 23, 2017 - in Featured, Financial, News

Singapore: Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by 24 percent from 2016 levels, reflecting US$36.7 billion across 132 projects, says a new World Bank…