/ Category / Financial

USDOT Offers $2.9B In Combined Multimodal Grants

March 28, 2022 - in Financial, News

The U.S. Department of Transportation is making $2.9 billion in grant funding available for “major” infrastructure projects through a notice of funding opportunity or NOFO through its new Multimodal Projects Discretionary Grant initiative. The deadline…

Despite national transportation funding increase, additional sustained funds required to make needed improvements

March 25, 2022 - in Financial, News

ADDITIONAL TRANSPORTATION FUNDING PROVIDED BY THE INFRASTRUCTURE INVESTMENT & JOBS ACT ALLOWS FOR NEEDED IMPROVEMENTS TO U.S. ROADS, BRIDGES &…

U.S. Department of Transportation Announces $10 Million to Help Minority- and Women-Owned Businesses Compete for Federal Highway Contracts

March 21, 2022 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced $10 million in funding from the Fiscal…

President Biden and the U.S. Department of Transportation Announce $409 Million for 70 Transportation Projects in 39 States

March 15, 2022 - in Financial, News

Bipartisan Infrastructure Law boosts bus transit funding by $10 billion over the next five years to modernize America’s transit bus fleet WASHINGTON – Today, President Biden and the U.S. Department of Transportation's Federal Transit Administration (FTA)…

Siemens Launches $100 Million Capital Program to Jumpstart Sustainability Journey for Small and Medium Sized Businesses

March 10, 2022 - in Financial, News

Kick-starter capital targets small and mid-market companies as increased focus is put on Scope 3 CO2 emissions Small and medium sized businesses make up majority of American economy, have outsized impact on nation’s climate goals Today, Siemens Smart Infrastructure…

Siemens investing $54M in its U.S. manufacturing footprint to support national infrastructure projects

March 7, 2022 - in Financial, News

Siemens to invest in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems including EV charging, data centers, and industrial installations Investment advances company’s commitment to support…

DOT Announces New Funding for America’s Marine Highway Program to Strengthen Supply Chains

March 4, 2022 - in Financial, News

$25 Million available, the largest single appropriation of funding ever thanks to the Bipartisan Infrastructure Law    WASHINGTON – Today, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability…

Caltrans Announces Local Projects Receiving Part of the Nearly $300 Million in Clean California Grants

March 4, 2022 - in Financial, News

All projects will benefit underserved communities   Sacramento County – Following Governor Gavin Newsom’s announcement this week of $296 million in Clean California grants to underserved communities throughout the state, Caltrans will…

U.S. Department of Transportation Announces up to $1.05 Billion Financing for Capital Beltway Express Lanes Construction in Virginia

March 4, 2022 - in Financial, News

WASHINGTON – U.S. Department of Transportation today announced that the Build America Bureau provided a $1.05 billion low interest loan to Capital Beltway Express, LLC to refinance an existing loan for the Capital Beltway express lanes and construction of…

Gov. Evers announces nearly $15 million in grants and loans to improve freight rail

March 2, 2022 - in Financial, News

Governor Tony Evers, together with the Wisconsin Department of Transportation (WisDOT), today announced nearly $15 million in grants and loans for five freight rail projects worth an estimated $24.4 million. The projects will enhance safety…