Delaware DOT Says Strong Credit Ratings Aid Bond Sale for Capital Projects, Debt Refunding
The Delaware Department of Transportation said it completed a successful Delaware Transportation Authority bond sale on April 26, providing $75 million in funding for capital projects at a true interest cost of 2.67 percent. Transportation Secretary Jennifer Cohan said: "The rating agencies have given us high marks for a sound and well-managed financial plan. This latest bond sale comes at an opportune time because the interest rates to pay back this money are favorable." The announcement...
Governor Wolf Announces New State Investments in Rail Projects, Supporting 375 Jobs
Harrisburg, PA – Today, Governor Tom Wolf announced new project approvals through the State Transportation Commission totaling more than $40 million in funding that will support an estimated 375 jobs in rail freight projects statewide. "Keeping our extensive rail freight system in good shape is a common-sense way to ensure a sound foundation for the state's economy," said Governor Wolf. "Pennsylvania is ranked first when it comes to operating railroads, and we are committed to working with th...
Four More States Set to Increase Gas Taxes to Support New Transportation Investments; New Analysis Shows Little Political Fallout
(WASHINGTON) - An examination of more than 2,500 state legislators from 16 states finds 91 percent of lawmakers who supported legislation to increase their state gas tax between 2013 and 2015 and ran for re-election won their seat during the next general election. The analysis, from the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (TIAC), comes as legislators in four states—Tennessee, Montana, California and Indiana—have voted this month to i...
Industry Groups Urge Budget Committees to Take Actions to Help Stabilize Trust Fund
A coalition of 34 national business, labor and transportation industry groups – including the American Association of State Highway and Transportation Officials – called on congressional budget writers to take steps to fix the Highway Trust Fund as they craft a fiscal 2018 budget that would take effect Oct. 1. In April 7 letters addressed to the leadership and copied to all members of Senate and House budget committees, the industry groups urged those lawmakers to start a process to m...
USDOT Awards $9 Million for Tribal Road Improvements
Seventy-four tribes were part of a $9 million award this week that will support 77 road safety projects in 22 states. The funds, which come from the Federal Highway Administration (FHWA)'s Tribal Transportation Program Safety Fund (TTPSF) are dedicated to improving transportation safety on tribal lands that are statistically some of the most hazardous in the nation because of poor physical condition and other factors. Congress created TTPSF in 2013 in the Moving Ahead for Progress in the 21st Ce...
ITD Saves Taxpayers Millions Through Innovation
RIGBY - Making the job easier, safer and faster – that’s the focus of a highly successful innovation program at the Idaho Transportation Department (ITD). Nearly 1,600 ITD employees throughout the state are embracing the new approach of working together and sharing challenges, ideas and successes with colleagues statewide, which ultimately benefit all Idahoans and visitors using Gem State roads. ITD’s innovation program is an employee-driven initiative. Employees at every level are encoura...
California Legislature OKs $52 Billion Road Bill
SACRAMENTO — California drivers will pay more to drive in the state under a bill the Legislature passed Thursday to raise $52 billion from new taxes and fees to repair roads and bridges. That bill, SB1, will be sent to Gov. Jerry Brown, who has said he will sign it. With a two-thirds majority threshold needed to pass the bill, Brown and legislative leaders worked hesitant lawmakers into the night, agreeing to award hundreds of millions of dollars for pet projects to earn votes. Brown has lobb...
Major Economic & Job Creation Boost Expected from Kansas Highway & Bridge Infrastructure Increase, New Analysis Finds
(WASHINGTON)—A new report finds that an annual $264 million increase in state highway and bridge infrastructure investment would support nearly $600 million in economic activity throughout all sectors of the Kansas economy. The additional demand, in turn, would also support or create 5,000 jobs—with over half being in sectors outside of the construction industry. The analysis, conducted by the American Road & Transportation Builders Association’s (ARTBA) Chief Economist Dr. Alison Premo Black...
Stantec Ends 2016 with 49.5% Increase in Gross Revenue and Announces 11% Dividend Increase
Stantec closed fiscal year 2016 with a 49.5% increase in gross revenue when compared to the end of 2015, primarily due to contributions from five strategic acquisitions completed in the year. The Company also achieved a 9.8% increase in EBITDA and a 15.5% increase in adjusted EBITDA year over year. When comparing Q4 16 to Q4 15, gross revenue increased 74.7% mainly due to contributions from acquisitions completed in 2015 and 2016 and a 2.2% increase in organic revenue in the Infrastructure bu...
Texas Transportation Commission Discusses 10-Year, $70 Billion Project Plan to Improve Transportation in State
AUSTIN – The Texas Transportation Commission today heard presentations from the Texas Department of Transportation regarding the agency’s Unified Transportation Program (UTP) – the 10-year project funding plan aimed at enhancing safety, reducing congestion, improving connectivity and maintaining the state’s massive highway system. The proposed updates to the UTP dedicate funding for 1,210 centerline miles of added capacity and improvements, including $2.5 billion in projects to relieve congestio...
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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