AASHTO Survey Details Harm Of Short-Term Funding Extensions
A new nine-page survey conducted by the American Association of State Highway and Transportation Officials details the potential state-by-state fallout from short-term federal program and funding extensions on individual state department of transportation programs – including the current one...
Senator Murray Helps Pass Bipartisan Bill to Allow Unspent COVID Relief Dollars for Culvert Removal, Infrastructure, and Disaster Relief
Bill will allow state, local, and Tribal governments to direct unused federal COVID relief funds for infrastructure projects, such as culvert removal, as well as natural disaster relief (Washington, D.C.) – Last night, following the U.S. Senate passing the State, Local, Tribal, and Territorial Fiscal Recovery, Infrastructure, and Disaster Relief Flexibility Act, Senator Patty Murray (D-WA), who cosponsored the legislation celebrated the passage of the bill, which will make several categories of...
Reliance New Energy Solar Ltd to invest in NexWafe as Strategic Lead Investor
NexWafe’s next-generation epitaxy technology offers remarkable cost advantages over existing technologies Leveraging this technology, Reliance intends to set up giga-scale wafer manufacturing facilities in India and build global photovoltaic leadership FREIBURG, GERMANY – NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its EUR 39 million ($4...
U.S. Department of Transportation Awards Louisiana $5 Million in ‘Quick Release’ Emergency Relief Funding for Hurricane Ida Damage
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $5 million in “quick release” Emergency Relief (ER) funds to help the Louisiana Department of Transportation and Development (DOTD) make repairs to roads and bridges damaged by Hurricane Ida. “The Biden Administration is using every lever at our disposal to help the State of Louisiana respond to this tragic disaster—including these emergency relief funds,” s...
Emissions accounting engine Normative raises €10 million from Europe’s largest climate tech funds
2150 and ETF Partners lead series A investment Normative sets new standard in carbon accounting, automates emission calculations and guides companies to net zero. Company to roll out new tools for UK SMEs with backing of Google Stockholm Normative, the world’s first emissions accounting engine, has raised €10million from Europe’s largest climate tech funds. The funding from 2150 and ETF Partners cements Normative’s position as the leading European carbon accounting SaaS company. Exi...
Nemetschek Group sponsors Venture Lab Built Environment at the Technical University of Munich
Dr. Axel Kaufmann (Spokesman of the Board & CFOO Nemetschek Group), Tanja Kufner (Head of Start Up & Venture Investments Nemetschek Group), Prof. Dr. Thomas F. Hofmann (President of TUM) and Dr. Sandra Bogdanovic (Fundraising Officer TUM) Munich, October 4, 2021 - The Nemetschek Group today signed an agreement to sponsor the TUM Venture Lab Built Environment. The global provider of software for the construction industry, headquartered in Munich, will support the new innovation center fin...
Saïd Business School research finds cost-benefit analysis of public investments are highly inaccurate and biased
New research from Bent Flyvbjerg, First BT Professor and Inaugural Chair of Major Programme Management at Saïd Business School, and Dirk W. Bester, professional statistician, finds that cost-benefit analyses of public investments are highly inaccurate and biased. The bad news is that this means the many cost-benefit analyses underpinning most public investments -- from HS2 in the UK to California's high-speed rail line -- cannot be trusted as currently done. The good news is that Flyvbjerg an...
U.S. Department of Transportation Awards Nearly $100 Million in Grants to Support Pipeline and Hazardous Materials Safety Efforts
WASHINGTON – The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) announced today that it is awarding $98,800,117 in grants to states, territories, and tribes to help enhance pipeline and hazardous materials safety programs at the community level for 11 different safety programs. “States and community groups play an important role in addressing the safety challenges associated with pipelines and hazardous materials,” said PHMSA Acting Admin...
U.S. Department of Transportation Announces up to $36.4 million TIFIA Loan to Fund Two Infrastructure Projects in Louisiana
WASHINGTON – The U.S. Department of Transportation today announced that its Build America Bureau has provided a Transportation Infrastructure Finance and Innovation Act (TIFIA) direct loan in the amount of up to $36.4 million to the Louisiana State Bond Commission for two different transportation projects. The DOT provides TIFIA loans and other surface transportation infrastructure financing through its Build America Bureau to help reduce costs and speed the delivery of infrastructure projects....
U.S. Department of Transportation Announces up to $1.66 Billion TIFIA Loan to Hampton Roads Transportation Accountability Commission for the New Hampton Roads Bridge Tunnel Project
WASHINGTON – The U.S. Department of Transportation today announced that its Build America Bureau (the Bureau) has provided a Transportation Infrastructure Finance and Innovation Act (TIFIA) direct loan in the amount of up to $1.66 billion to Hampton Roads Transportation Accountability Commission (HRTAC) for the Hampton Roads Bridge Tunnel (HRBT) Project and to cancel and replace the existing 2019 TIFIA HRTAC Loan. The DOT provides TIFIA and other surface transportation infrastructure financing t...