FHWA Tells State DOTs How Much Contract Authority They Lose This Year in Rescission
The Federal Highway Administration informed state departments of transportation how much each is losing as of June 30 in certain categories of highway program contract authority, as Congress required in the fiscal 2017 government funding bill that it sent to President Trump on May 4. The cuts, or "rescissions" in budget parlance, range in size. The FHWA notice listed California at the high end losing nearly $89 million in contract authority, Texas taking an $85 million hit, Ohio having $41 mi...
USDOT Re-Solicits for Most 2017 FAST Act Grant Funds, Combines With 2018 Round
In an overhaul of the infrastructure grant program authorized by the five-year Fixing America's Surface Transportation Act, the U.S. Department of Transportation said it will take new applications over the next four months for about $710 million in 2017 grants, and combine those with the 2018 round for what it estimates will add up to $1.56 billion in all. The overhaul includes new application criteria, with a strong emphasis on maximizing the use of federal grant money to draw in other funds...
U.S. Department of Transportation Launches Infrastructure For Rebuilding America (INFRA) Grant Program, Announces New Funding Opportunities
WASHINGTON - The Department of Transportation (DOT) is announcing the Infrastructure for Rebuilding America (INFRA) discretionary grant program through a Notice of Funding Opportunity (NOFO) in the Federal Register today. The INFRA program will make approximately $1.5 billion available to projects that are in line with the Administration’s principles to help rebuild America’s crumbling infrastructure — a priority for this Administration. In addition to providing direct federal funding, the INFR...
iCON Infrastructure Closes New €1.2 Billion Fund
iCON Infrastructure is pleased to announce the first and final closing of a new €1.2 billion fund, iCON Infrastructure Partners IV, L.P. (“iCON IV"). iCON IV’s single close at its €1.2 billion hard cap comes just three months after commencing fundraising and reflects strong support for iCON’s investment strategy and recognition of the firm’s track record of outperformance and value creation. iCON IV was significantly oversubscribed, having received considerable demand above its initial €1.0 b...
Federal Airport Construction Program Funding Only Meeting 50% of Identified Needs, New Analysis Finds
WASHINGTON - A new analysis of Federal Aviation Administration (FAA) data finds that current airport construction funding levels are only half of what is necessary to make safety improvements and help reduce runway congestion. The analysis, conducted by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black, comes as the U.S. House and Senate are expected to debate legislation to reauthorize the FAA and the nation’s aviation programs. The FAA...
Kentucky Agency Distributes $24.9M for Congestion Mitigation, Transportation Alternatives
Gov. Matt Bevin approved $24.9 million in local awards from two federal programs administered through the Kentucky Transportation Cabinet – one for congestion mitigation and air quality projects and the other for projects that provide transportation alternatives to traditional on-road motor vehicle travel. "These funds allow investments to be made in local infrastructure that increases connectivity and serves diverse populations, such as the non-driving and disabled communities," Bevin said....
U.S. Department of Transportation Announces $106.95 Million Loan to the Colorado High Performance Transportation Enterprise for the C-470 Express Lanes Project
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 a $106.95 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Colorado High Performance Transportation Enterprise (HPTE) at 2.81% with a term of 35 years after substantial completion to finance the completion of the C-470 Express Lanes Project (the Project). The C-470 is a 26-mile highway that run...
U.S. Department of Transportation Announces $99.6 Million Loan to the City of Bellevue, Washington for the Belred Street Network Project
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department of Transportation’s Build America Bureau (Bureau) will provide a $99.6 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the City of Bellevue, Washington, at 2.86% with a term of 35 years after substantial completion to finance the completion of the BelRed Street Network Project (the Project). The City of Bellevue is developing the Project, a combination of 12 multimoda...
Department of Energy Advances $32 Million in Funding for Advanced Technologies
WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today announced up to $32 million in funding for 16 projects as part of two new Advanced Research Projects Agency-Energy (ARPA-E) programs: ENergy-efficient Light-wave Integrated Technology Enabling Networks that Enhance Datacenters (ENLITENED) and Power Nitride Doping Innovation Offers Devices Enabling SWITCHES (PNDIODES). “The ENLITENED and PNDIODES programs demonstrate ARPA-E’s unique approach to advancing the development of energy tec...
Oklahoma Legislature Cuts DOT Budget Less Than Planned
The Oklahoma Department of Transportation will have to absorb a spending cut of more than $150 million as a result of the Legislature's budget actions, but ODOT Executive Director Mike Patterson said that cut is about $100 million less than lawmakers had initially proposed. Legislators tapped the ODOT funding to help close a projected $878 million deficit in the state's overall budget for the fiscal year that begins July 1. Patterson told the state Transportation Commission June 5 that his...
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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