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U.S. Department of Transportation Announces Up to $502.9 Million Loan for Infrastructure Projects in Hampton Roads, VA

December 13, 2019 - in Financial, News

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) will provide up to a $502.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA)…

Global Spending in Construction to Reach $17.5 Trillion by 2030, Finds Frost & Sullivan

December 9, 2019 - in Featured, Financial, News

Santa Clara, Calif. – December 9, 2019 – The construction industry is in the middle of a transition toward new business models that are technology-…

USDOT Announces $423 Million In Grants Nationwide to Revitalize America’s Bus Infrastructure

November 27, 2019 - in Financial, News

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Federal Transit Administration (FTA) will award $423 million in transit…

U.S. Department of Transportation Announces $500,000 for Emergency Repairs to Flood-Damaged Roads and Bridges in Vermont

November 26, 2019 - in Financial, News

WASHINGTON –The U.S. Department of Transportation today announced the immediate availability of $500,000 in “quick release” Emergency Relief (ER) funds from the Federal Highway Administration (FHWA) to help repair roads damaged by storm events in Vermont…

AASHTO Applauds Congress for Saving Billions for Transportation

November 26, 2019 - in Featured, Financial, News

WASHINGTON – The American Association of State Highway and Transportation Officials thanked Congress and the President for their bipartisan support for eliminating the $7.6 billion rescission of Highway Trust Fund contract authority, originally set to occur…

USDOT Releases $900M in BUILD Grants

November 20, 2019 - in Financial, News

The U.S. Department of Transportation officially announced it has awarded $900 million through its Better Utilizing Investments to Leverage Development or BUILD discretionary grants program to fund 55 transportation projects in 35 states on November 12. [Above…

California Offers New Funding for Housing, Transit, Active Transportation

November 20, 2019 - in Financial, News

Some $610 million in funding is being made available to help California communities build more housing as well as increase transit and active transportation options close to job centers and services – money augmented by the release of $279 million from a…

U.S. Department of Transportation Announces Funding Opportunity for Roadway Safety Tools

November 18, 2019 - in Financial, News

WASHINGTON – The U.S. Department of Transportation today published a Notice of Funding Opportunity (NOFO) to build the capacity of state, local, and tribal governments to use innovative data tools and information to improve roadway safety. “This is part…

California Announces Nearly $900 Million in Funding for Affordable Housing and Sustainable Community Development

November 14, 2019 - in Financial, News

$610 million in funding from California cap-and-trade dollars target projects that reduce greenhouse gas emissions, ­bolster housing equity $279 million released from the Infill Infrastructure Grant program SACRAMENTO – Governor Gavin Newsom today…

USDOT Announces $900 Million Historic Investment in American Infrastructure

November 14, 2019 - in Financial, News

WASHINGTON – U.S. Secretary Elaine L. Chao today announced that the Trump Administration will invest $900 million in American infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.…