Engineering Firm Leaders Now Believe “Back to Normal” will take 12-18 Months, ACEC Business Impact Survey Shows
Washington, DC - More U.S. engineering firm leaders now believe a “return to normal” for their businesses will take between 12-18 months, a significant increase compared to nearly a month ago, the latest ACEC Research Institute Business Impact Survey 6 reveals. “The sixth wave of the Business Impact Survey continues to see the engineering industry grapple with the effects of the pandemic with a greater number of firm leaders feeling less optimistic about a quick return to normal for their bus...
USDOT Provides $500M Loan to Port of Long Beach
The U.S. Department of Transportation’s Build America Bureau said on May 4 it will provide a Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the Port of Long Beach for up to $500 million to help finance construction of the Gerald Desmond Bridge Replacement Project, which is located at the Port of Long Beach at the southern end of State Route 710 in Los Angeles County. [Above photo by the Port of Long Beach.] The USDOT said this $500 million loan will replace a $32...
U.S. Department of Transportation Announces More Than $22 Million in Grants to Restore and Enhance Intercity Passenger Rail Network
U.S Department of Transportation Office of Public Affairs 1200 New Jersey Avenue, SE Washington, DC 20590 www.transportation.gov/briefingroom News WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today announced more than $22 million in grant funding to three projects that collectively span eight states. Funding is provided through FRA’s Restoration and Enhancement (R&E) Grants Program to initiate, restore, or enhance intercity passenger rail service...
USDOT Announces $500 Million Loan for Port of Long Beach
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau will provide a loan of $500 million under the Transportation Infrastructure Finance and Innovation Act (TIFIA) to the City of Long Beach, California, acting through its Board of Harbor Commissioners (the Port of Long Beach). “This $500 million federal investment reflects the President’s continued emphasis on infrastructure that will reduce traffic conges...
USDOT Announces Over $1 Billion in Grants to 439 Airports in 50 States
WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao announced today that the Department of Transportation’s Federal Aviation Administration (FAA) will award $1.187 billion in airport safety and infrastructure grants. The total includes $731 million in Airport Improvement Program (AIP) grants (PDF) and an additional $455 million in Supplemental Discretionary grants (PDF). The money will be available for 100 percent of the eligible costs under the Coronavirus...
States Projecting Big Budget Cuts Due to COVID-19
State governments continue to ratchet back current spending and projected budget outlays due to the economic impact of the COVID-19 pandemic; reductions that are starting to include planned transportation infrastructure investments. [Above photo by the New York State DOT.] “The coronavirus outbreak has quickly upended state budgets with states now facing significant revenue declines and increased spending demands as they contend with both a public health emergency and a severely deteriorat...
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: Calibration of Simplified Creep and Shrinkage Models Developed Using Solidification Theory: principal investigator Brock Hedegaard, University of Minneso...
State DOTs Feeling the Budgetary Impact of COVID-19
Steep reductions in motor vehicle travel due to the COVID-19 pandemic are adversely affecting state department of transportation budgets – to the point where some agencies are laying off workers and shelving planned transportation projects. [Above photo by the NCDOT.] The North Carolina Department of Transportation noted in an April 21 statement that as it is fully funded through the motor fuels tax, highway use tax and Department of Motor Vehicle fees, the traffic volume falloff is projec...
Nuvocargo Raises $5.3M Seed Round To Modernize Door-to-Door Freight Transportation Between U.S./Mexico
Round co-led by Silicon Valley venture fund NFX and Mexican venture fund ALLVP; funds will help Nuvocargo attract the best talent, take advantage of high demand for establishing new U.S./Mexico supply chains NEW YORK - Nuvocargo, the first digital freight forwarder and customs broker for U.S./Mexico trade, announced today that it has raised a $5.3M seed round co-led by NFX and ALLVP, with participation from One Way Ventures, Maya Capital, Magma Partners, the co-founders of LatAm unicorn R...
$404,000 Grant Funds Stetson University Institute for Water and Environmental Resilience and South Atlantic Region Project
Research partners to evaluate solutions for cost-effective flood mitigation in coastal cities DELAND, Florida – Many coastal cities are sinking and becoming more susceptible to climate change. As the world and oceans become warmer, rising sea levels will continue to cause flooding and storm surge in low-lying areas. A new grant gives researchers throughout the southeast the opportunity to discover green infrastructure solutions to mitigate the effects of this flooding on coastal communi...