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…
Sunnova Raises nearly $1 Billion Based on Strength of Business Approach
HOUSTON, June 13, 2017 — Sunnova Energy Corporation, a leading residential solar service provider in the U.S., announced today it has raised aggregate…
Commerce Awards $1.7 Million EDA Grant for Virgin Islands Transportation Hub
The U.S. Commerce Department's Economic Development Administration awarded a $1.7 million grant to support a Virgin Islands seaplane facility that it…
Nearly $79M in Local Project Grants Go Out to New Jersey Municipalities
New Jersey Gov. Chris Christie said the state will distribute $78.75 million in grants to localities for transportation projects under its Municipal Aid program. "Most of the Municipal Aid grants will support road resurfacing or preservation projects, and…
U.S. Transportation Secretary Elaine L. Chao Announces $527.8 Million in Infrastructure Grants to Airports
WASHINGTON – U.S. Department of Transportation Secretary Elaine L. Chao today announced the Federal Aviation Administration will award $527.8 million in airport infrastructure grants to 584 airports across the United States as part of the FAA’s Airport…
U.S. Department of Transportation Announces $197 Million in Grants for Positive Train Control Implementation
WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) and Federal Transit Administration (FTA) today announced the grant recipients who will receive $197 million in competitive grant funding to help commuter and…
Trump Budget Offers Information on Infrastructure Plan
President Trump used documents released with his 2018 budget proposal to provide more information on his plans for major infrastructure investment, along with a request to spend an initial $5 billion for it in the fiscal year that starts Oct. 1. In all, Trump…
Barrasso Emphasizes Use of Existing Formula System to Allocate New Infrastructure Funds
The chairman of the Senate Environment and Public Works Committee told U.S. Transportation Secretary Elaine Chao he wants to see new infrastructure funding distributed through the established formula system in which the Highway Trust Fund allocates money to…
Siemens Highlights Alternative Financial Solutions to Support Infrastructure Modernization Initiatives
For cities, implementing intelligent technology and infrastructure upgrades comes down to a question of affordability. But increasing access to private capital investment via public-private partnerships (P3s) and alternative financing models such as performance…
