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Major Transportation Infrastructure Investments Announced for 2019

December 20, 2018 - in Financial, News

(Trenton) - The New Jersey Department of Transportation and the New Jersey Turnpike Authority are advancing more than $1.1 billion in construction contracts for 2019, delivering smoother trips for New Jersey’s motorists and a robust investment for the Garden…

USDOT Officially Awards BUILD Grant Money to 91 Projects

December 17, 2018 - in Financial, News

Nearly eight months after it announced the creation of the $1.5 billion “better utilizing investments to leverage development” or BUILD discretionary…

U.S. Department of Transportation Announces $281 Million Funding Allocation for Transit Projects in Arizona, California, Minnesota, and Texas

November 30, 2018 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a total of $281 million in additional Fiscal…

FRA Announces Availability of $272 Million for ‘State of Good Repair’ Rail Projects

November 16, 2018 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO) today for the Federal-State Partnership for State of Good Repair Program (Partnership Program). The NOFO…

Governor Holcomb and Indiana Department of Transportation award $100 million through Next Level Roads: Community Crossings Initiative

November 9, 2018 - in Financial, News

INDIANAPOLIS. – Governor Eric J. Holcomb and INDOT Commissioner Joe McGuinness today announced 283 Indiana cities, towns and counties received a combined $100 million in state-matching funds for local road projects through the Next Level…

New Jersey DOT Obligates $23M for Local Bicycle and Pedestrian Projects

November 5, 2018 - in Financial, News

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

November 5, 2018 - in Featured, Financial, News, Technology

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

November 5, 2018 - 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 $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan…

Polara Capital and ARCTRUST Sign Agreement to Place Preferred Equity in the Southeast

November 1, 2018 - in Financial, News

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

October 29, 2018 - in Financial, News

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…