Iowa Transportation Commission approves transit infrastructure grant program funding
MES, Iowa – At its meeting in Ames today, the Iowa Transportation Commission approved $1.5 million in funding to support six public transit projects. The projects are funded under the state Public Transit Infrastructure Grant Fund for new or improved facilities to support public transit services. Made available each year by the Iowa General Assembly, a transit system can apply to have up to 80 percent of their project funded through this program. To qualify, a transit system must secure loca...
Johnson Controls Issues First $500 Million Sustainability-Linked Bond
Johnson Controls becomes first S&P500 industrial company to publish an integrated sustainable finance framework and issue a Sustainability-Linked Bond Sustainability-Linked Bond will target greenhouse gas emissions reduction goals The offering and publication of an integrated sustainable finance framework represent new milestones in sustainable finance, following entry into sustainability-linked revolving credit facility in 2019 and issuance of inaugural green bond in 2020 CORK, Ir...
Simpson Strong-Tie Aids Hurricane Ida Recovery with $25,000 Donation to Red Cross Disaster Relief Fund
Pleasanton, Calif. — The havoc from Hurricane Ida making landfall on August 29 has affected states across the Gulf Coast, Mid-Atlantic and Northeast. In addition to winds in excess of 100 mph, the storm has brought with it historic rainfall, flooding and tornadoes that have left thousands of people homeless or displaced and more than a million without power, even as many survivors mourn the loss of loved ones with at least 71 deaths already recorded. Hurricane Ida is on course to prove one of...
U.S. Department of Transportation Announces up to $628.93 million in Transportation Infrastructure Finance and Innovation Act (TIFIA) Credit Assistance for Orange County Transportation Authority’s I-405 Improvement Project
WASHINGTON – The U.S. Department of Transportation today announced its Build America Bureau (the “Bureau”) has provided a Transportation Infrastructure Finance and Innovation Act TIFIA direct loan in the amount of up to $628.93 million to the Orange County Transportation Authority (OCTA) for the I-405 Improvement Project (the Project). The Department provides TIFIA and other surface transportation infrastructure financing through the Bureau. The loan proceeds will finance part of the construc...
Study from Autodesk and FMI Finds Better Data Strategies Could Save the Global Construction Industry $1.85 Trillion
New research shows that implementation of formal data strategies is linked to positive project outcomes, cost savings and competitive advantages San Francisco, Calif. – September 14, 2021 – Autodesk, Inc. (NASDAQ: ADSK) and management consulting firm FMI Corporation today released the results from a new study, “Harnessing the Data Advantage in Construction,” which surveyed over 3,900 professionals across the global construction industry on their data practices in 2020. In the study, Autodesk...
U.S. Department of Transportation Awards Louisiana $5 Million in ‘Quick Release’ Emergency Relief Funding for Hurricane Ida Damage
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $5 million in “quick release” Emergency Relief (ER) funds to help the Louisiana Department of Transportation and Development (DOTD) make repairs to roads and bridges damaged by Hurricane Ida. “The Biden Administration is using every lever at our disposal to help the State of Louisiana respond to this tragic disaster—including these emergency relief funds,” s...
U.S. Department of Transportation Announces the Availability of $2.2 Billion in American Rescue Plan Funding to Help Transit Agencies with Additional Service Needs
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced a Notice of Funding Opportunity (NOFO) for $2.2 billion in competitive grant funding for transit systems demonstrating additional pandemic-associated needs. Funding is provided by the American Rescue Plan Act of 2021, which was signed into law by President Biden on March 11, 2021. Additional Assistance Funding may be awarded to transit systems demonstrating additional assistance is neede...
State DOTs Highlight Benefits Of $1.2T Infrastructure Bill
Numerous short- and long-term economic and quality-of-life benefits are poised to flow from the $1.2 trillion “ Infrastructure Investment & Jobs Act ” or IIJA passed by the Senate on August 10, according to a survey of state departments of transportation conducted by the American Association of State Highway and Transportation Officials. [Above photo by the Louisiana DOTD] That survey polled state DOTs from across the country as to how the proposed policy and...
$22 million in grant funding available for rural transit providers
More than $22 million in federal funding is now available from the Idaho Transportation Department's Public Transportation office (ITD-PT) for rural transit service providers in Idaho. Grant applications will be accepted September 1 - October 31, 2021. Local government authorities, public agencies, private nonprofit organizations, and public transportation operators who receive funding indirectly through an eligible recipient are all encouraged to apply. ITD-PT receives a federal appropria...
Trimble Launches $200 Million Venture Fund
SUNNYVALE, Calif.- Trimble (NASDAQ: TRMB) announced today the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund will launch with $200 million allocated for investments and focus on companies with the potential for technology-enabled innovation and disruption in the digital transformation of th...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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