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U.S. Department of Transportation Announces $5 Million in Grants to Improve Public Transportation on Tribal Lands

January 17, 2020 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced projects selected to receive approximately $5 million in grants to American Indian and Alaska Native tribal governments under FTA’s Tribal Transit…

Federal Transit Administration Launches $11 Million Innovation Initiative

January 16, 2020 - in Financial, News

WASHINGTON – Federal Transit Administration (FTA) Acting Administrator K. Jane Williams today announced the U.S. Department of Transportation’s Accelerating…

USDOT Announces Availability of More Than $900 Million for Infrastructure Investments Across America

January 15, 2020 - in Financial, News

WASHINGTON – U.S. Department of Transportation (USDOT) Secretary Elaine L. Chao today announced the latest round of the Infrastructure for Rebuilding…

MARAD Provides $7.5M in Marine Highway Grants

January 13, 2020 - in Financial, News

The U.S. Maritime Administration, known as MARAD, provided more than $7.5 million in grants on January 6 to nine marine highway projects in nine states: Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington. [Above…

State Awards $18 Million for Transportation Economic Development Projects in Five Communities

January 3, 2020 - in Financial, News

ST. PAUL, Minn. – The Minnesota Department of Transportation announced awards for five state highway projects that will help support growing industry and businesses, leverage private funding and improve the transportation system for all users. The five projects…

U.S. Department of Transportation Announces Up to $501.5 Million Loan for the Complete 540 Project in Raleigh, NC

December 19, 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 $501.5 million Transportation Infrastructure Finance and Innovation Act (TIFIA)…

USDOT to Provide TIFIA Loan for Interstate 64 Projects

December 19, 2019 - in Financial, News

The U.S. Department of Transportation finalized an up to $502.9 million Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the Hampton Roads Transportation Accountability Commission to help finance several “regional priority projects”…

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- and data-driven, better collaboration between stakeholders, and higher productivity. The increasingly aging…

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 infrastructure grants nationwide to improve the safety and reliability of America’s bus…