Airport, Toll Road, and Port Activity All Expected to Increase, Fitch Ratings Says
In a report issued Oct. 18, credit agency Fitch Ratings said that airports, toll roads, and ports are all facing “potential increases in borrowing costs” should the Federal Reserve continue to increase interest rates – and it has already increased interest rates three times in 2018 alone and eight times since 2015. [Above photo by formulaone.] That, coupled with increasing capital improvement spending needs, has the potential to slow growth in those three transportation sectors, noted Fitc...
U.S. Department of Transportation Announces $5.95 Million Loan to Fund Marine Terminal Rail Improvements at the Port of Everett
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the “Bureau”) will provide up to a $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Port of Everett in the State of Washington. The loan is for the Marine Terminal Rail Improvements Phase II Project (the “Project”). “This funding will help fund a key port in Washington state to handle more cargo, thereby helping our co...
Polara Capital and ARCTRUST Sign Agreement to Place Preferred Equity in the Southeast
CLIFTON, N.J., Nov. 1, 2018 - Polara Capital, a capital markets advisory firm based out of Roswell, GA, has recently formed a relationship with ARCTRUST, a private REIT in Clifton, NJ, to place preferred equity investment vehicles in commercial real estate transactions across the Southeast. This new venture will focus on retail, self-storage, and multi-family opportunities requiring between $2M - $10M of equity. "We're excited to bring this platform to our clients in Georgia and Carolinas," s...
USDOT Official Highlights More Than $12 Million in Grants to Help Modernize Bus Service in Central Illinois
BLOOMINGTON, Ill. – The U.S. Department of Transportation’s Federal Transit Administration (FTA) Acting Administrator K. Jane Williams was joined today by Illinois officials to celebrate the award of more than $12 million in competitive grant funds to improve bus transit service in central Illinois. The grants will enable transit agencies to modernize bus fleets, improve service, and enhance safety for riders. Acting Administrator Williams and officials from Connect Transit celebrated the gra...
Carbon Lighthouse and Generate Capital Close $65 Million in Financing for Commercial Energy Efficiency Projects
SAN FRANCISCO - Carbon Lighthouse, a clean energy services company, and Generate Capital, a leading financier, owner and operator of distributed energy and resource infrastructure, today announced the close of a $65 million project finance fund to support the rapid growth of Carbon Lighthouse's clean energy and efficiency business. Carbon Lighthouse will use the funds to help more building owners and investors across the United States turn energy waste from existing assets into guaranteed, banka...
USDOT Tallies its FY 2018 Transportation Disbursements
By the end of this year, USDOT said in a statement on Oct. 10 that it will have made more than $63.9 billion in fiscal year 2018 available in multi-modal discretionary and formula transportation investments, along with $1.6 billion in fiscal year 2017 discretionary funds – dollars the agency views as “seed money” to encourage additional infrastructure investment by states, localities, and private sector partners. USDOT said it has released Notices of Funding Opportunity for nearly 90 percent...
FAA Announces $40.9 Million for New Tower at GSO
Washington, DC—The U.S. Department of Transportation’s Federal Aviation Administration (FAA) is investing $40.9 million in infrastructure for Piedmont Triad International Airport (GSO) in Greensboro, NC. The Agency is building a new, 180-foot-tall Air Traffic Control Tower. The new control tower will accommodate up to eight positions for air traffic controllers in a 550- square-foot tower cab. A 15,650 square-foot base building will anchor the new tower. It will house the Terminal Radar Appro...
Iowa DOT Offering DERA Grants to Replace Aging Diesel Equipment
The Iowa Department of Transportation recently announced that it is accepting grant applications through Nov. 9 this year for the U.S. Environmental Protection Agency’s Diesel Emission Reduction Act or DERA grant program – funds aimed at helping fleets replace aging diesel-powered equipment, including school buses, heavy- and medium-duty transit buses and trucks, as well as non-road diesel engines, equipment, or vehicles. The base grant amount available in Iowa is $275,123, but the state is v...
U.S. DOT Announces $750,000 for Emergency Repairs to Roads and Bridges in Croatan National Forest in North Carolina
WASHINGTON – The U.S. Department of Transportation today announced the immediate availability of $750,000 in Emergency Relief program funds to help begin repairs on roads and bridges throughout Croatan National Forest in North Carolina damaged last month by Hurricane Florence. “Severe flooding from Hurricane Florence damaged roads throughout the state, including the region around Croatan National Forest,” said Deputy Federal Highway Administrator Brandye L. Hendrickson. “These emergency funds...
U.S. DOT Provides More Than $63 Billion to Major Transportation Infrastructure Investments Across America in 2018
WASHINGTON – By the end of the 2018 fiscal year (FY 2018), the U.S. Department of Transportation (USDOT) made available more than $63.9 billion in FY 2018 multi-modal discretionary and formula transportation investments and $1.6 billion in FY 2017 discretionary funds. This marks a significant step forward in funding the Administration’s ambitious infrastructure goals. The Department is committed to revitalizing America’s infrastructure using federal dollars as seed money to encourage addition...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
