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Congress Completes Latest Disaster Aid Bill

October 31, 2017 - in Financial, News

The Senate on Oct. 24 followed the House in passing legislation to provide $36.5 billion in disaster relief for victims of recent hurricanes and wildfires, and President Trump signed into law Oct. 26. Also included is emergency credit to Puerto Rico to keep…

Highway Trust Fund Excise Tax Receipts Showed No Growth in Fiscal 2017

October 31, 2017 - in Featured, Financial, News

The government's combined receipts from all excise taxes in the Highway Trust Fund showed no growth in the federal fiscal year that ended Sept. 30, the…

FHWA Awards More than $15 Million to Six States for Exploring New Ways to Pay for Highways

October 27, 2017 - in Financial, News

WASHINGTON – The Federal Highway Administration (FHWA) today announced $15.5 million in Surface Transportation System Funding Alternatives (STSFA) grants…

VW Trust Takes Effect, Starts Process for States to Begin Using $3B in Project Funding

October 24, 2017 - in Financial, News

After months of court filings to finish a major legal settlement by automaker Volkswagen over charges of violating the Clean Air Act, a countdown has begun for states to tap into a nearly $3 billion mitigation projects fund VW has established for the transportation…

Reports: Trump Tells Senators Tax Reform Can Pay for Infrastructure Plan

October 24, 2017 - in Featured, Financial, News

President Trump told members of the tax-writing Senate Finance Committee that lawmakers can find funds to pay for a major infrastructure investment program out of a pending tax overhaul, and could perhaps combine those measures, news reports said. That,…

Billion-Dollar Projects Fuel Spike in Private Sector Infrastructure Investment

October 23, 2017 - in Featured, Financial, News

Singapore: Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by 24 percent from 2016 levels, reflecting US$36.7 billion across 132 projects, says a new World Bank…

Governor McAuliffe Announces USDOT Approval of Federal Loan for I-66 Public-Private Partnership

October 23, 2017 - in Financial, News

RICHMOND – Governor Terry McAuliffe today announced that the United States Department of Transportation (USDOT) issued their approval to provide a $1.2 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the I-66 Outside…

Fires Plague California as Latest Disaster Aid Package Moves in Congress

October 17, 2017 - in Financial, News

A new spate of natural disasters in the form of wildfires has left at least 31 people dead in northern California, disrupted transportation there and added to the nation's growing cost of infrastructure repairs. President Trump approved a disaster declaration…

Idaho Transportation Board Approves Additional $100 Million in Funding for I-84 Corridor

October 17, 2017 - in Financial, News

BOISE – The Idaho Transportation Board approved a resolution to allocate more than $100 million toward funding expansion in the Interstate 84 Caldwell to Nampa Corridor during the monthly meeting today (Thursday, Oct. 12) in Boise. “The Transportation…

Oregon Awarded U.S. Dept. of Transportation Grants to Enhance its Premier Road Usage Charge System

October 16, 2017 - in Financial, News

SALEM, Ore. – The U.S. Department of Transportation last week awarded Oregon a grant of $2,315,000 to enhance Oregon’s existing road usage charge program (OReGO), as well as a $2,590,000 grant to implement a joint project with California that will integrate…