FHWA Awards More Than $10 Million to Seven States to Test New Ways to Fund Highways
WASHINGTON — The Federal Highway Administration (FHWA) today announced $10.2 million in Surface Transportation System Funding Alternatives (STSFA) grants to seven states to test new ways to finance highway and bridge projects. The program’s goal is to allow states to test user-based alternatives to support the Highway Trust Fund, which relies primarily on the federal gas tax. “These grants provide states with the opportunity to explore innovative new ways to help pay for infrastructure impro...
U.S. Department of Transportation Announces $30 Million Funding Opportunity for Passenger Ferry Service
WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the opportunity to apply for approximately $30 million in Fiscal Year 2019 competitive grant funding for passenger ferry projects nationwide. The Passenger Ferry Grant Program is authorized by Congress for projects that develop and support ferry service on many of the nation’s waterways, including the purchase, repair, and modernization of ferry boats, terminals, and related facilities that...
Citi Tops GlobalData’s Global M&A Financial Adviser League Table in the Power Sector for FY2018
Citi has topped the latest M&A league table of the top 10 financial advisers for the power sector based on deal value in FY2018, compiled by GlobalData, a leading data and analytics company. The American bank advised on $117.1bn worth of deals, which included the industry’s top deal by value – E.ON’s acquisition of an 86.2% stake in Innogy for $52.9bn. Citi and Rothschild & Co worked on 25 deals each, the highest in terms of volume. According to GlobalData, which tracks all merger and acqu...
U.S. Secretary of Transportation Elaine L. Chao Joined by Jacksonville Officials to Formally Announce $25 Million BUILD Grant for Revitalization Projects
JACKSONVILLE – U.S. Department of Transportation Secretary Elaine L. Chao today made the formal announcement of a $25 million grant to support the Bay Street Innovation Corridor and Urban Core Riverfront Revitalization projects in Jacksonville. Secretary Chao was joined by Congressman John Rutherford (FL-04), Congressman Al Lawson (FL-05), Florida Department of Transportation Secretary Kevin Thibault, Jacksonville Mayor Lenny Curry, and Jacksonville Transportation Authority (JTA) CEO Nathaniel F...
Changes to Key Infrastructure Funding Processes Proposed in Two New Bills
A proposal to raise the federal statutory cap on private activity bonds or PABs and making changes to the Transportation Infrastructure Finance and Innovation Act or TIFIA funding program are the focus of two new pieces of legislation co-sponsored by Sen. John Cornyn, R-Tex., (seen above) and Sen. Mark Warner, D-Va., and Tim Kaine, D-Va., respectively. Sens. Cornyn and Warner introduced the Building United States Infrastructure and Leveraging Development or BUILD Act on Feb. 6 that would rais...
Bill Revived to Eliminate Electric Vehicle Subsidy, Impose Alternative Fuel Vehicle Fee
Sen. John Barrasso, R-Wyo., and Rep. Jason Smith, R-Mo., re-introduced a bill on Feb. 6 that Sen. Barrasso initially proffered last October in the waning days of the 115th Congress; legislation that seeks to end electric vehicle federal tax credits while imposing a fee on operators of all alternatively fueled vehicles – be they powered by electricity, natural gas, hydrogen, etc. – that will be collected over the next 10 years and paid into the Highway Trust Fund. [Above photo by the Departmen...
House Transportation & Infrastructure Committee Hears Pitch to Raise Gas Tax
By John Schneidawind, vice president of public affairs, ARTBA If the experience of newly elected Minnesota Gov. Tim Walz (D) is any indication, campaigning on raising the gas tax isn’t political suicide. It’s a path to victory. Speaking Feb. 7 before a hearing of the House Committee on Transportation & Infrastructure (T&I) under its new chairman, Rep. Peter DeFazio (D-Ore.), Walz detailed how he won last November with a proactive stance on raising the state gas tax. He appeared at the hear...
EIB Approves EUR 4.8 Billion of Transport, Business, Urban and Energy Financing and Meets with Civil Society Organisations
EUR 2.3 billion of new financing for business investment across Europe and Africa EUR 1 billion for electric vehicles, upgrading international rail links and urban transport 120 NGO and civil society representatives joined the EIB to discuss EU Bank priorities The European Investment Bank on Tuesday approved a total of EUR 4.8 billion of new financing for private sector, transport, energy, housing and water investment. This included EUR 864 million support for investment outside Europe....
U.S. Department of Transportation Announces More than $60 Million in Funding for Leading Transportation Research
WASHINGTON – The U.S. Department of Transportation (USDOT) today announced more than $60 million in funding for 32 University Transportation Centers (UTCs) around the country. UTCs are comprised of groups of universities seeking solutions to national, regional and local transportation issues. The 32 UTCs were previously selected for grants authorized under the Fixing America’s Surface Transportation (FAST) Act. “The Department continues to invest in the future of American transportation by fu...
KETOS Secures Funding to Revolutionize Water Infrastructure and Safety
SAN FRANCISCO, CALIF. – February 5, 2019 – KETOS, a water intelligence innovator, today announced it has closed a $9 million Series A round of financing from a powerful collection of traditional venture capitalists, impact investors and industry leaders. New investors Broadway Angels and Plum Alley Ventures, as well as strategic angels from water.org, the semiconductor industry and an investor represented by Energy Innovation joined existing investors Rethink Impact and Better Ventures in the ro...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
