Nemetschek SE: Raised Targets for 2020 Fully Achieved - At Least High Single-Digit Growth with High Profitability in 2021
Revenues increase to EUR 596.9 million in 2020 (+7.2%), EBITDA margin at high 28.9% Recurring revenues increase by 19.9% to EUR 359.0 million, driven by subscription/SaaS (+79.6% to EUR 90.4 million) Outlook for 2021: At least high single-digit growth at constant currencies and attractive EBITDA margin of between 27% to 29% targeted Ambition 2023: Growth in the mid-teens following successful subscription/SaaS transition Munich, March 23, 2021 - The Nemetschek Group (ISIN DE 000645290...
NDOT Awards $39 Million I-515 Viaduct Rehab Project in Downtown Las Vegas
LAS VEGAS, NEV. – The Nevada Department of Transportation (NDOT) last week awarded a $38.8 million construction contract to Las Vegas Paving Corp. to rehabilitate the aging Interstate 515 (U.S. Highway 95) viaduct from Interstate 15 to Eastern Avenue in downtown Las Vegas. (A viaduct is a long bridge-like structure carrying an elevated roadway. It’s not to be confused with an aqueduct that conveys water). The project will extend the near-term service life of the viaduct, portions of which wer...
Governor Wolf Commits to Phasing Out Gas Tax, Announces Commission to Develop Funding Solutions
Harrisburg, PA – Governor Tom Wolf today reiterated his commitment to phase out Pennsylvania's gas tax, which is becoming an unreliable source for funding Pennsylvania's vast transportation network. To make this possible and to further address the state's transportation funding needs, the governor has also signed an Executive Order...
USDA Investing $285M In Transportation, Infrastructure
The U.S. Department of Agriculture plans to invest $285 million to help the Forest Service address critical deferred maintenance and improve transportation and recreation infrastructure on national forests and grasslands. [Above photo by the U.S. Forest Service.] That funding comes from the newly created National Parks and Public Land Legacy Restoration Fund, established in 2020 by the Great American Outdoors Act. The USDA noted that the Great American Outdoors Act authorizes funding un...
Transportation Getting $100B From $1.9T COVID Package
The $1.9 trillion COVID-19 relief package, known as the American Rescue Plan or ARP recently reconciled between the House of Representatives and the Senate and signed into law by President Joe Biden on March 11, allocates $100 billion to transportation. [Above photo of President Joe Biden signing the ARP into law. Photo via the White House.] According to funding breakdown issued by Rep. Peter DeFazio, D-Ore., chair of the House Transportation & Infrastructure Committee, the final version o...
MetLife Investment Management Originates $15.7 Billion in Private Placement Debt and Private Structured Credit In 2020
2020 business activity includes $3.6 billion of investments originated on behalf of third party institutional asset management clients WHIPPANY, N.J.— MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it originated $15.7 billion in private placement debt and private structured credit across 215 transactions in 2020. This included $3.6 billion of investments originated on behalf of third party institutional clie...
Transportation Funding Allows Counties and Cities To Prioritize Local Transportation Needs
IERRE, S.D. – The South Dakota Transportation Commission approved over $36 million in funding allocations to counties and class 1 cities throughout South Dakota at their meeting held on February 25, 2021. This total includes $6 million directly resulting from Congress providing additional federal funds to the state under the December 2020 CRRSA supplement appropriations bill. Over $27.5 million will be provided in state funds to the counties and cities, the remaining balance of funds will be...
€200m European venture capital tech fund launched with a mission to de-carbonise cities
A new venture capital fund, 2150, has been launched to invest €200 million ($240 million) in start-up companies developing sustainable technologies to target the carbon footprint of cities. The advisory board for 2150, including former chief sustainability officer in the Obama administration and renowned urbanist and academic, Richard Florida, will review candidate firms working on everything from injecting carbon dioxide into concrete to monitoring energy use in buildings. Based across L...
U.S. Department of Transportation Announces Up to $448 Million Loan for the 183A Phase III, 183S, and 290E Phase III Road Projects in Austin
Refinancing Projected to Save Central Texas Regional Mobility Authority More Than $80 Million WASHINGTON – U.S. Transportation Secretary Pete Buttigieg today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) has provided an up to $448.38 million consolidated Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Central Texas Regional Mobility Authority (CTRMA) for tollway projects in the Austin, Texas metropolitan area. This is the f...
2021-22 Highway Worker Memorial Scholarship Opportunities Available
Application Deadline: April 16 WASHINGTON - The American Road & Transportation Builders Association Transportation Development Foundation (ARTBA-TDF) is seeking qualified students for its 2021-22 “Lanford Family Highway Worker Memorial Scholarship Program.” Applications are due by April 16 and can be found online at www.artbatdf.org. Established in 1999, this first-of-its-kind scholarship fund provides post-high school financial assistance to the children of highway workers...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
