USDOT Announces $11 Million in Grant Awards to Help Communities Plan for Transit-Oriented Development
Priority given to projects that help improve air quality, advance environmental justice, and promote housing affordability WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced the award of approximately $11 million to 20 projects in 12 states to support comprehensive planning efforts to improve access to public transportation. Funding through FTA's Pilot Program for Transit-Oriented Development (TOD) Planning grants will help organizations pl...
U.S. Department of Transportation Announces More Than $10 Million in Tribal Transit Grant Awards to 36 Tribal Governments in Rural Areas
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today awarded $10.3 million in Tribal Transit Program grant awards to 36 Tribal governments for projects that support transit services for American Indian Tribes and Alaska Native villages in rural areas. "Today's announcement is an important step toward ensuring Tribal Nations have the transportation infrastructure they need and deserve," said U.S. Transportation Secretary Pete Buttigieg. "And thanks...
Eurazeo Smart City II Venture Fund completes 2nd closing with new partners in Europe & Asia
Eurazeo Smart City II Venture Fund completes 2nd closing with new partners in Europe & Asia and accelerates towards an expanded €250 million fund Eurazeo is pleased to announce the 2nd closing of Eurazeo Smart City II Venture fund at € 150 million with new institutional and corporate partners in Europe and Asia. Eurazeo’s Venture practice has been active in the Smart City space since 2016. At the crossroads of digital technologies and the transition towards more sustainable cities, Eur...
APWA Urges Congress to Fully Fund Bipartisan Infrastructure Law
Washington D.C.—In a letter today, the nation’s largest organization of public works professionals urged Congress to fully appropriate funds for the bipartisan Infrastructure Investment and Jobs Act (IIJA), which President Biden signed into law two months ago. “With passage of the IIJA, Congress offered a bold vision for the future of our nation’s infrastructure. Now, it is time to ensure that the legislation receives full funding for implementation, thus ensuring that American infrastru...
DOT Announces Historic Bridge Investment Under Bipartisan Infrastructure Law
More than $27 billion to states and tribal transportation facilities to fix an estimated 15,000 bridges nationwide WASHINGTON – The U.S. Department of Transportation today launched the historic Bridge Replacement, Rehabilitation, Preservation, Protection, and Construction Program (Bridge Formula Program), made possible by President Biden’s Bipartisan Infrastructure Law. The program, to be administered by the Federal Highway Administration, represents the single largest dedicated bridg...
New York Awards Over $216M In Local Bridge, Culvert Aid
Governor Kathy Hochul (D) announced in early December 2021 that her administration is providing $216.2 million in “enhanced assistance” to 88 local governments for the rehabilitation and replacement of bridges and culverts statewide. [Above photo by the NYSDOT] This funding – provided through the New York’s “BRIDGE NY” initiative, administered by the New York State Department of Transportation – supports projects that reduce the risk of flooding, improve resiliency of structures, facilita...
U.S. Department of Transportation Announces Refinancing of the $99.6 Million of Credit Assistance to City of Bellevue, Washington, for the BelRed Street Network
WASHINGTON D.C. – The U.S. Department of Transportation today announced that its Build America Bureau has refinanced a $99.6 million TIFIA loan for the City of Bellevue’s BelRed Street Network Project. The Bureau provides Transportation Infrastructure Finance and Innovation Act (TIFIA) loans and other surface transportation infrastructure financing to reduce the costs of infrastructure projects. “DOT is proud to work with Bellevue on the Belred Street Network Project, which will connect peopl...
U.S. Transportation Secretary Pete Buttigieg Announces Over $241 Million in Grants for America’s Ports
Grants Will Help Address Supply Chain Challenges at Ports WASHINGTON – The U.S. Department of Transportation Secretary today announced the award of more than $241 million in discretionary grant funding for 25 projects to improve port facilities in 19 states and one territory through the Maritime Administration’s (MARAD) Port Infrastructure Development Program (PIDP). These grants demonstrate rapid action on commitments in the Biden-Harris Port Action Plan, which will strengthen our sup...
$18 Million 8 MW Cogen Biogas System Financed With C-PACE From CounterpointeSRE for Michigan Industrial Facility
JBS Foods USA's use of Michigan's C-PACE financing program demonstrates capacity fo C-PACE capital to support sustainability goals of large corporates. GREENWICH, Conn. - Counterpointe Sustainable Real Estate (CounterpointeSRE) announced today it has provided Commercial Property Assessed Clean Energy (C-PACE) funding for an 8 MW cogeneration biogas system for a Gun Plain/Plainwell, MI., beef processing facility operated by JBS Foods USA, a subsidiary of leading global food company JBS. "JB...
FHWA Delivers Largest Federal Highway Apportionment in Decades as Part of Bipartisan Infrastructure Law Funding
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced today that it is providing $52.5 billion in funding to all 50 states and the District of Columbia under the Bipartisan Infrastructure Law, also known as the Infrastructure Investment and Jobs Act. The $52.5 billion in apportioned funding for Fiscal Year 2022 represents an increase of more than 20% as compared to Fiscal Year 2021 for Federal-aid Highway Program apportionments. This funding...