McGuireWoods advised Dominion Energy in a recapitalization of the company’s Cove Point liquefied natural gas facility in Lusby, Maryland, by an affiliate of Brookfield Asset Management. The deal calls for Dominion Energy to transfer a 25 percent,…
Afghanistan’s Energy Sector will be Transformed by World Bank Spurring Private Investments
The World Bank Group’s announcement of a $98.8m financial package to support the development of two gas-to-power energy projects – Sheberghan Phase…
GlobalData Analyses Revenue and Profit Change of Top 20 Companies by Sector in 2018
Oil and gas outperformed other sectors in terms of combined revenue and profitability in 2018, according to GlobalData, a leading data and analytics company. …
AASHTO Board Approves 10 Surface Transportation Reauthorization Policy Resolutions
The board of directors of the American Association of State Highway and Transportation Officials approved 10 detailed resolutions outlining the surface transportation funding policy positions the organization plans to support as that key federal legislation…
IDOT Next Level Roads: Community Crossings Initiative Grants
Madison, Ind. – Governor Eric J. Holcomb and Indiana Department of Transportation Commissioner Joe McGuinness today announced 229 Indiana cities, towns, and counties received a combined $99.2 million in state matching funds for local road projects through…
USDOT Makes Available $396 Million for Rail Capital Projects
WASHINGTON – The U.S. Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) today issued a Notice of Funding Opportunity (NOFO) for the Federal-State Partnership for State of Good Repair Program (Partnership Program). The NOFO…
NCDOT Provides First Round of State Street-Aid Funding
The North Carolina Department of Transportation began distributing more than $147.5 million in State Street-Aid to Municipalities on September 27, also known as the Powell Bill fund, to 508 cities and towns across the state. [Above photo by the NCDOT.]…
FEMA Did Not Sufficiently Safeguard Use of Transportation Assistance Funds
FEMA did not take sufficient actions to prevent fraud, waste, and abuse of transportation assistance funds for vehicles considered damaged or destroyed by Hurricanes Harvey, Irma, and Maria in FY 2017. These weakness occurred because FEMA does not require…
USDOT Announces $157 Million in Infrastructure Grants to 34 Airports in 19 States and One Territory
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department will award $157 million in airport infrastructure grants to 34 airports in 19 states, plus the U.S. Virgin Islands. This is the sixth allotment of the total $3.18…
NCDOT Sends Millions in Powell Bill Funding to Local Municipalities
RALEIGH — The N.C. Department of Transportation has begun distributing more than $147.5 million in State Street-Aid to Municipalities, also known as the Powell Bill fund, to 508 cities and towns across the state. The initial allocation, almost $73.8 million,…
