U.S. Department of Transportation Announces up to $628.93 million in Transportation Infrastructure Finance and Innovation Act (TIFIA) Credit Assistance for Orange County Transportation Authority’s I-405 Improvement Project
WASHINGTON – The U.S. Department of Transportation today announced its Build America Bureau (the “Bureau”) has provided a Transportation Infrastructure Finance and Innovation Act TIFIA direct loan in the amount of up to $628.93 million to the Orange County Transportation Authority (OCTA) for the I-405 Improvement Project (the Project). The Department provides TIFIA and other surface transportation infrastructure financing through the Bureau. The loan proceeds will finance part of the construc...
Study from Autodesk and FMI Finds Better Data Strategies Could Save the Global Construction Industry $1.85 Trillion
New research shows that implementation of formal data strategies is linked to positive project outcomes, cost savings and competitive advantages San Francisco, Calif. – September 14, 2021 – Autodesk, Inc. (NASDAQ: ADSK) and management consulting firm FMI Corporation today released the results from a new study, “Harnessing the Data Advantage in Construction,” which surveyed over 3,900 professionals across the global construction industry on their data practices in 2020. In the study, Autodesk...
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...
U.S. Department of Transportation Announces the Availability of $2.2 Billion in American Rescue Plan Funding to Help Transit Agencies with Additional Service Needs
WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced a Notice of Funding Opportunity (NOFO) for $2.2 billion in competitive grant funding for transit systems demonstrating additional pandemic-associated needs. Funding is provided by the American Rescue Plan Act of 2021, which was signed into law by President Biden on March 11, 2021. Additional Assistance Funding may be awarded to transit systems demonstrating additional assistance is neede...
State DOTs Highlight Benefits Of $1.2T Infrastructure Bill
Numerous short- and long-term economic and quality-of-life benefits are poised to flow from the $1.2 trillion “ Infrastructure Investment & Jobs Act ” or IIJA passed by the Senate on August 10, according to a survey of state departments of transportation conducted by the American Association o...
$22 million in grant funding available for rural transit providers
More than $22 million in federal funding is now available from the Idaho Transportation Department's Public Transportation office (ITD-PT) for rural transit service providers in Idaho. Grant applications will be accepted September 1 - October 31, 2021. Local government authorities, public agencies, private nonprofit organizations, and public transportation operators who receive funding indirectly through an eligible recipient are all encouraged to apply. ITD-PT receives a federal appropria...
Trimble Launches $200 Million Venture Fund
SUNNYVALE, Calif.- Trimble (NASDAQ: TRMB) announced today the creation of Trimble Ventures, a venture fund focused on investing in early and growth-stage innovative companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund will launch with $200 million allocated for investments and focus on companies with the potential for technology-enabled innovation and disruption in the digital transformation of th...
Simpson Strong-Tie Donates $40,000 to American Red Cross Disaster Relief Fund for Haiti Earthquake, California Wildfires
Pleasanton, Calif. — Nearly two weeks after a 7.2 magnitude earthquake struck southern Haiti, the death toll is still rising and survivors are in need of food, water and medical attention. Over 12,000 have been reported injured, and hundreds are still missing. The Haitian government has declared a one-month state of emergency. Thousands of miles away, the Dixie and Caldor fires in California have been declared a major disaster by President Biden. The Caldor fire has burned more than 160,000 a...
FRA to Fund Grants for Rail Improvement Opportunities
The U.S. Department of Transportation’s Federal Railroad Administration today announced a notice of funding opportunity, making available nearly $362 million through its Consolidated Rail Infrastructure and Safety Improvements (CRISI) Grant Program. CRISI funds projects that reduce congestion, improve short-line and regional railroad infrastructure, relocate rail lines, enhance multi-modal connections and facilitate service integration between rail and other modes such as at ports or intermodal...
FAA Invests $85 Million in Airports across Alaska
WASHINGTON – The U.S. Department of Transportation’s Federal Aviation Administration (FAA) announced 19 airports across Alaska will receive a total of $85 million through Airport Improvement Program grants to help with safety, access and sustainability efforts. The funding is from the fifth round of fiscal year 2021 Airport Improvement Program grants. “Aviation is a way of life in America, and nowhere is this truer than in Alaska,” said FAA Administrator Steve Dickson. "These grants invest i...