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Fitch Ratings: Transportation Faces COVID-19 Recovery Challenges

July 20, 2020 - in News, Transportation

With non-essential travel largely ground to a halt due to COVID-19, the ability of various transportation segments – airports, the cruise line industry, and toll roads – to maintain revenues and passenger traffic volumes will be “an increasing challenge,”…

NDDOT awards $2 million in Transportation Alternatives funding

July 10, 2020 - in Financial, News

The North Dakota Department of Transportation (NDDOT) Director Bill Panos announced today the award $2,018,090 of Transportation Alternatives (TA) funding…

USDOT to Award $906M in INFRA Grants

June 24, 2020 - in Financial, News

The U.S. Department of Transportation noted on June 18 that it plans to issue $906 million to fund 20 projects in 20 states via its Infrastructure for…

COVID-19 Will Create Long-Term Impact on State DOT Revenues

June 1, 2020 - in COVID-19, News, Transportation

State departments of transportation continue to grapple with significant revenue reductions due to the COVID-19 pandemic – reductions that many expect will be long-term in nature. [Above photo by the Georgia Department of Transportation.] Julie Lorenz, secretary…

Oklahoma Turnpike Authority Receives $120M Build America Loan

May 27, 2020 - in Financial, News

The U.S. Department of Transportation’s Build America Bureau is providing up to a $120.1 million Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the Oklahoma Turnpike Authority to help finance the Gilcrease Expressway West project.…

Proposed Phase 4 COVID-19 Relief Bill Contains $15B for State DOTs

May 14, 2020 - in COVID-19, News

A $3 trillion, 1,815-page COVID-19 relief measure proposed by the House of Representatives on May 12 contains $15 billion in stopgap funds for state departments of transportation – well below the nearly $50 billion the American Association of State Highway…

AASHTO Issues Updated LRFD Bridge Design Guide

May 14, 2020 - in Bridges, News, Transportation

The American Association of State Highway and Transportation Officials recently released the 9th edition of its LRFD Bridge Design Specifications guide, which employs the load and resistance factor design or LRFD methodology in the design, evaluation, and…

AASHTO Releases 38th Public Transit Survey

May 14, 2020 - in News, Transit, Transportation

The American Association of State Highway and Transportation Officials recently unveiled its 38th Survey of State Funding for Public Transportation, which provides a snapshot of state-by-state public transportation investments as well as how state departments…

USDOT Provides $500M Loan to Port of Long Beach

May 14, 2020 - in Financial, News

The U.S. Department of Transportation’s Build America Bureau said on May 4 it will provide a Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the Port of Long Beach for up to $500 million to help finance construction of the Gerald…

Transportation Fallout from COVID-19 Pandemic Continues

May 14, 2020 - in COVID-19, News

State departments of transportation, along with toll authorities and even public-private partnerships or P3s, continue to be affected by the massive decline in travel spurred by COVID-19 stay-at-home orders across the country. [Above photo by the Minnesota…