BUILD Infrastructure Grants Reduced in Recent Funding Deal
Funding for grants meant to assist states with infrastructure projects of regional significance was cut under the recently signed law ensuring federal agencies remain open through fiscal 2019. The Better Utilizing Investments to Leverage Development, or BUILD, grants received $900 million in the congressional funding deal President Donald Trump signed into law Feb. 15. The law’s enactment funded the U.S. Department of Transportation and other agencies to avert another partial shutdown of the...
USDOT Formally Awards Florida City $25M BUILD Grant
Transportation Secretary Elaine Chao officially awarded the City of Jacksonville, FL, and the Jacksonville Transportation Authority a shared $25 million grant to support two projects in a formal ceremony on Feb. 8. [Above photo via USDOT.] Made under the Better Utilizing Investments to Leverage Development or BUILD transportation grant program, Chao said in a statement that “this grant will pave the way for two important projects to revitalize transportation and commerce in the heart of th...
Seven State DOTs Get FHWA Grants to Test ‘Alternate’ Infrastructure Funding Methods
The Federal Highway Administration awarded $10.2 million in Surface Transportation System Funding Alternatives or STSFA grants to seven state departments of transportation on Feb. 12; grants that aim to test “new ways” to finance highway and bridge projects. [Above photo by Maria Pagan.] The recipients of those seven grants – the DOTs from California, Delaware, Minnesota, Missouri, New Hampshire, Oregon, and Utah – will “investigate and evaluate various mileage-based and road-user charges,...
FHWA Awards More Than $10 Million to Seven States to Test New Ways to Fund Highways
WASHINGTON — The Federal Highway Administration (FHWA) today announced $10.2 million in Surface Transportation System Funding Alternatives (STSFA) grants to seven states to test new ways to finance highway and bridge projects. The program’s goal is to allow states to test user-based alternatives to support the Highway Trust Fund, which relies primarily on the federal gas tax. “These grants provide states with the opportunity to explore innovative new ways to help pay for infrastructure impro...
U.S. Department of Transportation Announces $30 Million Funding Opportunity for Passenger Ferry Service
WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the opportunity to apply for approximately $30 million in Fiscal Year 2019 competitive grant funding for passenger ferry projects nationwide. The Passenger Ferry Grant Program is authorized by Congress for projects that develop and support ferry service on many of the nation’s waterways, including the purchase, repair, and modernization of ferry boats, terminals, and related facilities that...
Citi Tops GlobalData’s Global M&A Financial Adviser League Table in the Power Sector for FY2018
Citi has topped the latest M&A league table of the top 10 financial advisers for the power sector based on deal value in FY2018, compiled by GlobalData, a leading data and analytics company. The American bank advised on $117.1bn worth of deals, which included the industry’s top deal by value – E.ON’s acquisition of an 86.2% stake in Innogy for $52.9bn. Citi and Rothschild & Co worked on 25 deals each, the highest in terms of volume. According to GlobalData, which tracks all merger and acqu...
U.S. Secretary of Transportation Elaine L. Chao Joined by Jacksonville Officials to Formally Announce $25 Million BUILD Grant for Revitalization Projects
JACKSONVILLE – U.S. Department of Transportation Secretary Elaine L. Chao today made the formal announcement of a $25 million grant to support the Bay Street Innovation Corridor and Urban Core Riverfront Revitalization projects in Jacksonville. Secretary Chao was joined by Congressman John Rutherford (FL-04), Congressman Al Lawson (FL-05), Florida Department of Transportation Secretary Kevin Thibault, Jacksonville Mayor Lenny Curry, and Jacksonville Transportation Authority (JTA) CEO Nathaniel F...
Changes to Key Infrastructure Funding Processes Proposed in Two New Bills
A proposal to raise the federal statutory cap on private activity bonds or PABs and making changes to the Transportation Infrastructure Finance and Innovation Act or TIFIA funding program are the focus of two new pieces of legislation co-sponsored by Sen. John Cornyn, R-Tex., (seen above) and Sen. Mark Warner, D-Va., and Tim Kaine, D-Va., respectively. Sens. Cornyn and Warner introduced the Building United States Infrastructure and Leveraging Development or BUILD Act on Feb. 6 that would rais...
Bill Revived to Eliminate Electric Vehicle Subsidy, Impose Alternative Fuel Vehicle Fee
Sen. John Barrasso, R-Wyo., and Rep. Jason Smith, R-Mo., re-introduced a bill on Feb. 6 that Sen. Barrasso initially proffered last October in the waning days of the 115th Congress; legislation that seeks to end electric vehicle federal tax credits while imposing a fee on operators of all alternatively fueled vehicles – be they powered by electricity, natural gas, hydrogen, etc. – that will be collected over the next 10 years and paid into the Highway Trust Fund. [Above photo by the Departmen...
House Transportation & Infrastructure Committee Hears Pitch to Raise Gas Tax
By John Schneidawind, vice president of public affairs, ARTBA If the experience of newly elected Minnesota Gov. Tim Walz (D) is any indication, campaigning on raising the gas tax isn’t political suicide. It’s a path to victory. Speaking Feb. 7 before a hearing of the House Committee on Transportation & Infrastructure (T&I) under its new chairman, Rep. Peter DeFazio (D-Ore.), Walz detailed how he won last November with a proactive stance on raising the state gas tax. He appeared at the hear...
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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