MARAD Provides $7.5M in Marine Highway Grants
The U.S. Maritime Administration, known as MARAD, provided more than $7.5 million in grants on January 6 to nine marine highway projects in nine states: Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington. [Above photo by the Virginia DOT.] The agency said its America’s Marine Highway Program or AMHP supports the increased use of the nation’s navigable waterways in order to relieve landside congestion, provide new and efficient transportation opt...
State Awards $18 Million for Transportation Economic Development Projects in Five Communities
ST. PAUL, Minn. – The Minnesota Department of Transportation announced awards for five state highway projects that will help support growing industry and businesses, leverage private funding and improve the transportation system for all users. The five projects will receive a total of $18 million as part of the state’s Transportation Economic Development Program. The Department of Employment and Economic Development has also awarded $2.86 million for three additional projects in Mankato, Sher...
U.S. Department of Transportation Announces Up to $501.5 Million Loan for the Complete 540 Project in Raleigh, NC
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) will provide up to a $501.5 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the North Carolina Turnpike Authority (NCTA) to help finance the Complete 540 Project in the greater Raleigh area. “This $501.5 million federal investment in transportation infrastructure in the Raleigh region will promote economic g...
USDOT to Provide TIFIA Loan for Interstate 64 Projects
The U.S. Department of Transportation finalized an up to $502.9 million Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the Hampton Roads Transportation Accountability Commission to help finance several “regional priority projects” all located along Interstate 64 in Virginia. [Above photo by the Virginia DOT.] That loan – issued through USDOT’s Build America Bureau – will help collectively increase capacity on I-64, adding both general purpose and highway occupanc...
U.S. Department of Transportation Announces Up to $502.9 Million Loan for Infrastructure Projects in Hampton Roads, VA
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) will provide up to a $502.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Hampton Roads Transportation Accountability Commission (HRTAC) in Virginia to help finance several of HRTAC’s Regional Priority Projects. “This $502.9 million federal investment in transportation infrastructure in the Hampton Road...
Global Spending in Construction to Reach $17.5 Trillion by 2030, Finds Frost & Sullivan
Santa Clara, Calif. – December 9, 2019 – The construction industry is in the middle of a transition toward new business models that are technology- and data-driven, better collaboration between stakeholders, and higher productivity. The increasingly aging workforce and digitization are prompting greater investments in workforce management and digital solutions. By 2030, global spending in construction is expected to touch $17.5 trillion, with China, the US, and India leading the way and accounti...
USDOT Announces $423 Million In Grants Nationwide to Revitalize America’s Bus Infrastructure
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Federal Transit Administration (FTA) will award $423 million in transit infrastructure grants nationwide to improve the safety and reliability of America’s bus systems and enhance mobility for transit riders. A total of 94 projects in 42 states and the District of Columbia will receive funding from FTA’s Grants for Buses and Bus Facilities Program. A list of the selected projects is available online. "Public bu...
U.S. Department of Transportation Announces $500,000 for Emergency Repairs to Flood-Damaged Roads and Bridges in Vermont
WASHINGTON –The U.S. Department of Transportation today announced the immediate availability of $500,000 in “quick release” Emergency Relief (ER) funds from the Federal Highway Administration (FHWA) to help repair roads damaged by storm events in Vermont that affected several counties. The funds were approved after being requested by the Vermont Agency of Transportation (VTrans). “These emergency funds will help pay for essential repairs to roads and bridges in Vermont damaged by recent storm...
AASHTO Applauds Congress for Saving Billions for Transportation
WASHINGTON – The American Association of State Highway and Transportation Officials thanked Congress and the President for their bipartisan support for eliminating the $7.6 billion rescission of Highway Trust Fund contract authority, originally set to occur July 1, 2020. “On behalf of the 50 state departments of transportation, as well as Puerto Rico and the District of Columbia, that unanimously supported rolling back this rescission, I extend our thanks to the leadership in the House and Se...
USDOT Releases $900M in BUILD Grants
The U.S. Department of Transportation officially announced it has awarded $900 million through its Better Utilizing Investments to Leverage Development or BUILD discretionary grants program to fund 55 transportation projects in 35 states on November 12. [Above photo by the USDOT.] In a statement, the agency said its fiscal year 2019 BUILD grants are targeted for investments in surface transportation infrastructure – which includes roads, bridges, transit, rail, intermodal, or ports – that...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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