Rescission Funding Cuts May Go Deeper Than Expected
The initial state-by-state calculation of the impending $7.6 billion rescission of Federal-aid highway contract authority mandated by the Fixing America’s Surface Transportation or FAST Act indicates states may experience deeper funding cuts than what was called for in that 2015 law. According to Federal Highway Administration data released this week...
Meridiam Named Manager For International Municipal Investment Fund (IMIF)
Durban, South Africa--Meridiam, the infrastructure investment and global asset manager, with USD 7 billion in assets under management, was formally selected as the fund manager of the International Municipal Investment Fund (IMIF)—a unique, bespoke fund designed to focus exclusively on supporting cities and local governments; notably municipalities in developing countries, including the least-developed countries—launched by the coalition for a financial ecosystem that works for cities and local...
IDOT receives federal funds to improve alternative fuel vehicle infrastructure on I-80 .
The Illinois Department of Transportation today announced that Illinois is receiving federal funds to boost infrastructure for alternative fuel vehicles on Interstate 80. The grant, which will target electric vehicles and vehiclesthat run on natural gas, is part of a larger effort to build a mid-America alternative fuel corridor spanning six states. "These improvements will help make interstate travel on alternative fuel a reality," said Acting Illinois Transportation Secretary Omer Osman. "B...
Peapod Co-Founders and Bay Area Investors Headline Coaster Cycles’ Financing
BOSTON, MA- Today, Coaster Cycles announced personal investments from the co-founders of Peapod, Andrew Parkinson and Thomas Parkinson, as well as Bay Area investors John Lyman and Katherine Kennedy and Grant Allen (SE Ventures) in recent financing. As an already profitable company, the investment will support the expansion of Coaster’s Montana based manufacturing facility as well as the growth of Coaster’s existing rental fleets in Boston, New York City, and San Francisco. The funds will also a...
McGuireWoods Advises Dominion Energy in $2 Billion Recapitalization of Gas Facility
McGuireWoods advised Dominion Energy in a recapitalization of the company’s Cove Point liquefied natural gas facility in Lusby, Maryland, by an affiliate of Brookfield Asset Management. The deal calls for Dominion Energy to transfer a 25 percent, non-controlling equity interest in Cove Point to Brookfield Super-Core Infrastructure Partners, a fund managed by Brookfield Asset Management, in exchange for cash consideration of just over $2 billion, excluding working capital. Dominion Energy...
Afghanistan’s Energy Sector will be Transformed by World Bank Spurring Private Investments
The World Bank Group’s announcement of a $98.8m financial package to support the development of two gas-to-power energy projects – Sheberghan Phase 1 (40 megawatts (MW) and Mazar-e-Sharif (58.6MW) – in Afghanistan, will be crucial in addressing the key challenges within the country’s energy sector, says GlobalData, a leading data and analytics company. Afghanistan has suffered from years of conflicts and is one of the least developed nations in the world, with the country reliant on foreign a...
GlobalData Analyses Revenue and Profit Change of Top 20 Companies by Sector in 2018
Oil and gas outperformed other sectors in terms of combined revenue and profitability in 2018, according to GlobalData, a leading data and analytics company. GlobalData analyzed the total year-on-year (YoY) revenue and profit change of 10 core business sectors, based on the performance of the top 20 publicly-traded companies picked based on market capitalization in each sector. Besides oil and gas, technology, construction and medical equipment were the standout performers as they witnes...
AASHTO Board Approves 10 Surface Transportation Reauthorization Policy Resolutions
The board of directors of the American Association of State Highway and Transportation Officials approved 10 detailed resolutions outlining the surface transportation funding policy positions the organization plans to support as that key federal legislation needs to be reauthorized in 2020. [Above photo by Cathy Morrison/MoDOT.] The current 2015 Fixing America’s Surface Transportation or FAST Act is set to expire in September 2020 and proposed reauthorization legislation that would replace...
IDOT Next Level Roads: Community Crossings Initiative Grants
Madison, Ind. – Governor Eric J. Holcomb and Indiana Department of Transportation Commissioner Joe McGuinness today announced 229 Indiana cities, towns, and counties received a combined $99.2 million in state matching funds for local road projects through the Next Level Roads: Community Crossings Initiative High-quality local roads and bridges are an important part of our formula for attracting jobs, growing our economy, and building strong communities,” Gov. Holcomb said. “Our fully-funded N...
USDOT Makes Available $396 Million for Rail Capital Projects
WASHINGTON – The U.S. Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) today issued a Notice of Funding Opportunity (NOFO) for the Federal-State Partnership for State of Good Repair Program (Partnership Program). The NOFO includes $396 million in grant funding. “This $396 million in federal funding will provide a tremendous boost to private, state and local investments to improve America’s rail infrastructure,” said U. S. Transportation Secretary Elaine L. Chao....
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
TriMet’s Banfield Type 1 Substation Replacement Project
February Issue 2026
