WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a total of $281 million in additional Fiscal Year 2018 federal funding allocations to five transit projects in Arizona, California, Minnesota, and…
FRA Announces Availability of $272 Million for ‘State of Good Repair’ Rail Projects
WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO)…
Governor Holcomb and Indiana Department of Transportation award $100 million through Next Level Roads: Community Crossings Initiative
INDIANAPOLIS. – Governor Eric J. Holcomb and INDOT Commissioner Joe McGuinness today announced 283 Indiana cities, towns and counties…
New Jersey DOT Obligates $23M for Local Bicycle and Pedestrian Projects
The New Jersey Department of Transportation awarded $23 million in federal funding has been obligated to local bicycle and pedestrian projects through its Transportation Alternatives Program or TAP grants on Oct. 26, the agency said in a statement. [Above…
Airport, Toll Road, and Port Activity All Expected to Increase, Fitch Ratings Says
In a report issued Oct. 18, credit agency Fitch Ratings said that airports, toll roads, and ports are all facing “potential increases in borrowing costs” should the Federal Reserve continue to increase interest rates – and it has already increased interest…
U.S. Department of Transportation Announces $5.95 Million Loan to Fund Marine Terminal Rail Improvements at the Port of Everett
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 $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan…
Polara Capital and ARCTRUST Sign Agreement to Place Preferred Equity in the Southeast
CLIFTON, N.J., Nov. 1, 2018 - Polara Capital, a capital markets advisory firm based out of Roswell, GA, has recently formed a relationship with ARCTRUST, a private REIT in Clifton, NJ, to place preferred equity investment vehicles in commercial real estate…
USDOT Official Highlights More Than $12 Million in Grants to Help Modernize Bus Service in Central Illinois
BLOOMINGTON, Ill. – The U.S. Department of Transportation’s Federal Transit Administration (FTA) Acting Administrator K. Jane Williams was joined today by Illinois officials to celebrate the award of more than $12 million in competitive grant funds to…
Carbon Lighthouse and Generate Capital Close $65 Million in Financing for Commercial Energy Efficiency Projects
SAN FRANCISCO - Carbon Lighthouse, a clean energy services company, and Generate Capital, a leading financier, owner and operator of distributed energy and resource infrastructure, today announced the close of a $65 million project finance fund…
USDOT Tallies its FY 2018 Transportation Disbursements
By the end of this year, USDOT said in a statement on Oct. 10 that it will have made more than $63.9 billion in fiscal year 2018 available in multi-modal discretionary and formula transportation investments, along with $1.6 billion in fiscal year 2017 discretionary…
