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U.S. DOT Announces $500 Million in Seventh Round of TIGER Funding

April 3, 2015 - in Financial

WASHINGTON, April 2, 2015 –U.S. Transportation Secretary Anthony Foxx announced today $500 million will be made available for transportation projects across the country under a seventh round of the highly successful Transportation Investment Generating Economic…

U.S. DOT Announces $209 Million Loan for Portsmouth Bypass in Ohio

April 2, 2015 - in Financial

WASHINGTON, April 2, 2015 – U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA)…

U.S. Transportation Secretary Foxx Announces $194 Million TIFIA Loan for Orlando’s Wekiva Parkway

March 26, 2015 - in Financial

WASHINGTON, March 25, 2015—U.S. Transportation Secretary Anthony Foxx announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan…

Oregon Transportation Commission Approves $6.5 million for Multimodal Projects

March 20, 2015 - in Financial

SALEM, March 20, 2015—The Oregon Transportation Commission awarded the remaining $6.5 million inConnectOregon V funds to six multimodal projects, concluding activity for this latest round of multimodal funding. The projects were among the top ranked projects…

U.S. Department of Transportation Announces $26.6 million for Jacksonville Bus Rapid Transit North Corridor Project

March 17, 2015 - in Construction, Financial

WASHINGTON, March 16, 2015—The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the award of approximately $26.6 million in federal grant funds for the Jacksonville Bus Rapid Transit (BRT) North Corridor Project,…

Texas Transportation Commission Approves More Than $2 Billion In Road Projects Across The State

March 3, 2015 - in Construction, Financial

AUSTIN, MArch 2, 2015—Three short months after Texas voters approved Proposition 1, adding $1.74 billion to the state highway fund, the Texas Transportation Commission today approved the construction of 201 road projects giving momentum to much-needed progress…

North Dakota Senate Approves Flood Diversion Funding

February 25, 2015 - in Financial, Maintenance

Feb. 25, 2015—The North Dakota Senate has approved funding for the F-M Area Diversion Project by a unanimous vote of 46-0. Senate Bill 2020 (SB2020) includes $69 million for the Diversion, and will now cross over to the House where it will go through the…

Policy Chief Meets With Industry Groups on Challenges of Infrastructure Financing

February 23, 2015 - in Financial

AASHTO Policy Director Joung Lee met with local government and public-private partnership stakeholders this month in separate national conferences, as the transportation industry discusses Highway Trust Fund revenue options Congress may consider along with…

U.S. Transportation Secretary Anthony Foxx Announces More than $232 Million in Emergency Relief for Road/Bridge Repairs

February 19, 2015 - in Financial, Maintenance

WASHINGTON, Feb. 19, 2015—U.S. Transportation Secretary Anthony Foxx today announced $232.5 million in Emergency Relief (ER) funds from the Federal Highway Administration (FHWA) to help 26 states and Puerto Rico repair roads and bridges damaged by storms,…

Record 2014 for M&A Activity in U.S. Architecture/Engineering Industry

February 18, 2015 - in Financial

Houston, Texas, Feb. 9, 2015—Fueled by a resurgent economy that boosted firm profits, domestic merger & acquisition activity in the architecture and engineering (“A/E”) industry hit record levels in 2014, according to Morrissey Goodale LLC, a leading…