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U.S. Department of Transportation Proposes $78.88 Million in FASTLANE Small Grants to 10 Infrastructure Projects

August 11, 2017 - in Financial, News, Transportation

WASHINGTON - The Department of Transportation has provided a list of 10 proposed FY 2017 FASTLANE Small Project grant awards totaling $78.88 million to the authorizing committees of jurisdiction for a 60-day Congressional review period. This year, seven of…

USDOT Finalizes Nearly $629M TIFIA Loan for Orange County (Calif.) I-405 Project

August 8, 2017 - in Financial, News, Projects

The U.S. Department of Transportation's Build America Bureau said it will provide up to a $628.93 million TIFIA loan to the Orange County (Calif.) Transportation…

USDOT Sends Congress List of 10 Proposed INFRA Freight-Related Grant Awards

August 8, 2017 - in Awards, Financial, News

The U.S. Department of Transportation told Congress that it proposes to issue nearly $79 million to 10 freight-related roadway, rail and port infrastructure…

Road Builders Propose Funding Package Built Around New Fees on Freight

August 2, 2017 - in Financial, News

One of the most active advocacy groups for transportation infrastructure investments is calling on Congress to build a new long-term funding package around new types of fees on freight movements on the nation's highway system. In a July 17 letter to Senate…

USDOT Completes $152.2M TIFIA Loan for Riverside (Calif.) County I-15 Express Lanes

August 2, 2017 - in Financial, News

The U.S. Department of Transportation said its Build America Bureau will provide a $152.2 million long-term, low-interest TIFIA loan to the Riverside (Calif.) County Transportation Commission for a project to add express toll lanes in the median of the Interstate…

Surface Transportation: A Comprehensive Plan Could Facilitate Implementation of a National Performance Management Approach

July 31, 2017 - in Financial, News

The Federal Highway Administration (FHWA) recently issued the last of six interrelated rules to implement a new performance-based approach to federal surface transportation grant programs. Three of the six rules establish 17 total performance measures in the…

Stakeholders in Global Smart City Market Seek New Funding Models to Monetize Projects

July 27, 2017 - in Financial, News

SANTA CLARA, Cal.– The capital-intensive task of transforming cities into seamless ecosystems is prompting governments to explore revenue sources beyond internal bodies and join hands with financial intermediaries and private investors. With the rising connectedness…

Panel Sends USDOT Bill to House With Cuts, After Challenge on Infrastructure

July 27, 2017 - in Financial, News

​​The full House Appropriations Committee on July 17 approved a fiscal 2018 transportation funding bill that would make cuts in transit assistance and end the popular TIGER grants, after brushing aside a push by minority Democrats to add an infrastructure…

Congress Deciding on Future Federal Spending in Infrastructure and Science

July 25, 2017 - in Financial, News

The House Appropriations Committee had a busy week, passing the remaining five (out of 12) appropriations bills this week, part of the process Congress goes through to create the federal budget. Here are the highlights of the bills affecting infrastructure…

U.S. Department of Transportation Announces $152.2 Million Loan to Riverside County Transportation Commission Toward Funding the I-15 Express Lanes Project

July 24, 2017 - in Financial, News

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department of Transportation’s Build America Bureau (Bureau) will provide a $152.2 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Riverside…