FAA Awards $898.9 Million in Airport Improvement Grants
WASHINGTON – The U.S. Department of Transportation’s Federal Aviation Administration (FAA) announced the award of more than $898.9 million in infrastructure and safety projects through the FY2021 Airport Improvement Program (AIP). This total includes $113.5 million in American Rescue Plan Act funding to award all grants at a 100-percent federal share. “Investing in our nation’s infrastructure is how our country helped spark an aviation industry that now supports millions of jobs,” said U.S. S...
New Data: 2020 Private Sector Participation in Developing-Country Infrastructure Saw Huge Drop, Stabilizing as Year Ended
Washington — New data from the World Bank shows that private participation in infrastructure (PPI) in developing countries, while taking an historic plunge in the first half of 2020 due to COVID-19, saw a very modest uptick in the second half of the year. The 56 percent drop in PPI in H1 from the previous year moderated to 52 percent for the full year. Infrastructure investment commitments in 2020 stood at $45.7 billion across 252 projects in developing countries. “Hopefull...
Gov. Pritzker announces $94 million from Rebuild Illinois to revitalize airports
Project proposals to improve the state’s public aviation facilities due June 14 SPRINGFIELD – Gov. JB Pritzker and the Illinois Department of Transportation announced today that $94 million will be made available to improve public airports throughout the state through the historic, bipartisan Rebuild Illinois capital program. As part of a competitive grant process, IDOT will be seeking proposals for the planning, construction, reconstruction, extension, development and improvement of public a...
Murphy Administration announces $47.3 million in FY2021 Local Bridge Fund grants
Each county to receive $1 million plus additional funds based on deck area (Trenton) – The New Jersey Department of Transportation (NJDOT) today announced 39 Local Bridge Fund grants totaling $47.3 million to help counties maintain local bridges in a state of good repair. “The Murphy Administration is committed to improving the quality of life in New Jersey, and the Local Bridge Fund program does that as part of NJDOT’s Commitment to Communities,” NJDOT Commissioner Diane Gutierrez-Scaccetti...
Skanska’s divestment of its infrastructure services business in the UK completed with a gain on sale of GBP 31M, about SEK 360M
As announced earlier, Skanska is divesting its infrastructure services business in the UK for GBP 50M, about SEK 580M, to M Group Services. The closing of the deal has been reached with a gain on sale of GBP 31M, about SEK 360M. The transaction will be recorded in Skanska Construction Europe in the second quarter of 2021. Comprising highways maintenance, rail maintenance and streetlighting replacement and maintenance, the divested business’s revenue in 2020 was GBP 334M, about SEK 3.9 billion...
Nemetschek Group: Successful start to 2021 with double-digit operating revenue growth and high margin level in Q1
+12.1% currency-adjusted revenue growth to EUR 158.4 million (+8.1% reported) - Strong growth in recurring revenues, driven by subscription/SaaS models (+44.0%) - +18.5% EBITDA growth to EUR 49.6 million, EBITDA margin rises to above-average 31.3% - +37.5% increase in earnings per share to EUR 0.25 - Outlook for full year 2021 confirmed Munich, April 29, 2021 - The Nemetschek Group (ISIN DE 0006452907) reported an excellent start to 2021 with revenue growth in the double-digit pe...
U.S. Transportation Secretary Pete Buttigieg Announces $1.69 Billion for Amtrak in Response to COVID-19
WASHINGTON – U.S. Secretary of Transportation Pete Buttigieg today announced that the Department of Transportation’s Federal Railroad Administration (FRA) is making more than $1.69 billion available to the National Railroad Passenger Corporation (Amtrak) to provide relief from the impacts of COVID-19 to the company’s business operations, workforce, and state funding partners. The funding is provided under the American Rescue Plan Act of 2021. “Help is here. The President’s American Rescue Pl...
ACI Foundation Funds Research Projects
Farmington Hills, Mich. – The ACI Foundation’s Concrete Research Council (CRC) selected eight research projects to receive grants this year. The ACI Foundation is committed to progress in the industry by contributing financially to necessary and worthy research. The following research projects will receive funding from the ACI Foundation: Standard Critical Chloride Threshold Test Variability due to Material Sources: principal investigator Ceki Halmen, University of Missouri - Kansas City....
EPA Awards $16 million in Great Lakes Restoration Initiative Grants to Central Michigan and Clarkson Universities
CHICAGO – Today, the U.S. Environmental Protection Agency awarded two grants totaling $16 million to continue monitoring coastal wetlands and levels of contaminants in fish throughout the Great Lakes basin. The grants -- $10 million to Central Michigan University in Mount Pleasant, Michigan, and approximately $6 million to Clarkson University in Potsdam, New York -- will be funded through the Great Lakes Restoration Initiative and are part of a larger effort to restore and protect the Great Lake...
Corporate Funding in Solar Sector Up 21% with $8.1 Billion in Q1 2021, Reports Mercom Capital Group
Over $1.4 billion was raised through securitization in Q1 2021 AUSTIN, Texas - Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2021. Total corporate funding, including venture capital funding, public market, and debt financing into the solar sector in Q1 2021, came to $8.1 billion in 36 deals, a 21% increase compared to $6.7 bil...
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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