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Federal Railroad Administration Issues $6.8 Million Loan to the Arkansas and Missouri Railroad

May 29, 2015 - in Financial, Rail

WASHINGTON – The Federal Railroad Administration (FRA) today issued a $6.8 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Arkansas and Missouri Railroad (A&M).  A&M will use the loan to refinance the purchase of three…

IFM Investors Completes Acquisition of Indiana Toll Road Concession Company

May 28, 2015 - in Financial, Roads

NEW YORK, May 27, 2015—IFM Investors announced the completion of IFM Global Infrastructure Fund’s previously announced acquisition of 100 percent…

U.S. Transportation Secretary Foxx Announces $5 Million in Emergency Relief Funds for Flood-Damaged Roads in Texas

May 28, 2015 - in Financial, Roads

WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced the immediate availability of $5 million in Emergency Relief funds from the U.S.…

AASHTO Encourages Congress to Fix, Not Patch, the Highway and Transit Funding Crisis

May 26, 2015 - in Design/Engineering, Financial

WASHINGTON—Congress today approved a two-month extension of legislation authorizing the Highway Trust Fund to continue supporting highway and transit projects across the country. The short-term patch ensures current funding will continue. However, with…

Free Congress Report Says Devolution of Federal Transportation Program Results in Less Investment in Our Infrastructure and Tax Increases at State Level

May 25, 2015 - in Financial, Planning

WASHINGTON, May 19, 2015—Today, the Free Congress Foundation (FCF), a non-profit, public policy research and education organization, released a report which makes the case that any devolution of federal transportation programs would contradict conservative…

Virginia Discusses Funding Options to Transform I-66 Outside the Beltway in Northern Virginia

May 21, 2015 - in Financial, Roads

May 20,2015—Virginia Transportation Secretary Aubrey Layne announced today the initial results of the Commonwealth’s analysis of procurement options for the Transform I-66: Outside the Beltway project.  The analysis demonstrated that of the several available…

Report Examines Privatization of Air Traffic Control, Roads, Bridges and Infrastructure Funding

May 14, 2015 - in Financial

In Reason Foundation's new Annual Privatization Report, Robert Poole, transportation advisor to three previous presidential administrations, details national and global privatization developments in surface and air transportation. In the aviation chapter,…

Caltrans Releases Plans Detailing Critical Infrastructure Funding Shortfalls Facing California’s Highway System

May 11, 2015 - in Financial, Planning, Roads

SACRAMENTO, May 11, 2015—According to projections detailed in plans released today, Caltrans will need approximately $80 billion over the next ten years to address current and future needs of the state highway system—a projected funding shortfall of nearly…

Federal Railroad Administration Issues $967.1 Million MTA Loan to Finance Critical Safety Upgrades to the Nation’s Largest Commuter Railroads

May 10, 2015 - in Financial, Transit

WASHINGTON – The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan with New York City’s Metropolitan Transportation Authority (MTA) in order to facilitate the deployment…

Exploring Federal Transportation Funding

May 4, 2015 - in Financial, Rail

Washington, D.C.—In the latest policy analysis, Rails and Reauthorization: The Inequity of Federal Transit Funding, O’Toole and Landgrave examine how federal transportation aid programs create incentives for state and local governments to adopt wasteful…