Trump Budget Offers Information on Infrastructure Plan
President Trump used documents released with his 2018 budget proposal to provide more information on his plans for major infrastructure investment, along with a request to spend an initial $5 billion for it in the fiscal year that starts Oct. 1. In all, Trump as expected proposed allocating $200 billion in additional direct federal infrastructure funding over 10 years, with a goal of leveraging non-federal dollars to produce $1 trillion in new project investment over a decade. Although the...
Survey Reveals Infrastructure Increase by 4.9%
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Barrasso Emphasizes Use of Existing Formula System to Allocate New Infrastructure Funds
The chairman of the Senate Environment and Public Works Committee told U.S. Transportation Secretary Elaine Chao he wants to see new infrastructure funding distributed through the established formula system in which the Highway Trust Fund allocates money to states and transit agencies. Sen. John Barrasso, R-Wyo., first highlighted that issue in his opening statement at a May 17 hearing where Chao was testifying, and later pressed Chao on it. His emphasis on using the formula funding approa...
Siemens Highlights Alternative Financial Solutions to Support Infrastructure Modernization Initiatives
For cities, implementing intelligent technology and infrastructure upgrades comes down to a question of affordability. But increasing access to private capital investment via public-private partnerships (P3s) and alternative financing models such as performance contracting have allowed cities to benefit from sharing project risks and fill gaps in funding in order to meet local public service obligations. As a sponsor of 2017 Infrastructure Week, Siemens is highlighting the successful applicat...
Pennsylvania Governor Announces $33 Million in Traffic Signal Improvement Funding
Harrisburg, PA – Governor Tom Wolf announced today that 94 municipalities will receive $33 million to support the costs of upgrading traffic signals under the Pennsylvania Department of Transportation’s "Green Light-Go" program. "This is the third round of funding disbursed to support increased safety and mobility across more Pennsylvania towns," Governor Wolf said. "The Green Light-Go program addresses a fundamental trigger for congestion, deficient traffic signals, and the results will mean...
Delaware DOT Says Strong Credit Ratings Aid Bond Sale for Capital Projects, Debt Refunding
The Delaware Department of Transportation said it completed a successful Delaware Transportation Authority bond sale on April 26, providing $75 million in funding for capital projects at a true interest cost of 2.67 percent. Transportation Secretary Jennifer Cohan said: "The rating agencies have given us high marks for a sound and well-managed financial plan. This latest bond sale comes at an opportune time because the interest rates to pay back this money are favorable." The announcement...
Governor Wolf Announces New State Investments in Rail Projects, Supporting 375 Jobs
Harrisburg, PA – Today, Governor Tom Wolf announced new project approvals through the State Transportation Commission totaling more than $40 million in funding that will support an estimated 375 jobs in rail freight projects statewide. "Keeping our extensive rail freight system in good shape is a common-sense way to ensure a sound foundation for the state's economy," said Governor Wolf. "Pennsylvania is ranked first when it comes to operating railroads, and we are committed to working with th...
Four More States Set to Increase Gas Taxes to Support New Transportation Investments; New Analysis Shows Little Political Fallout
(WASHINGTON) - An examination of more than 2,500 state legislators from 16 states finds 91 percent of lawmakers who supported legislation to increase their state gas tax between 2013 and 2015 and ran for re-election won their seat during the next general election. The analysis, from the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (TIAC), comes as legislators in four states—Tennessee, Montana, California and Indiana—have voted this month to i...
Industry Groups Urge Budget Committees to Take Actions to Help Stabilize Trust Fund
A coalition of 34 national business, labor and transportation industry groups – including the American Association of State Highway and Transportation Officials – called on congressional budget writers to take steps to fix the Highway Trust Fund as they craft a fiscal 2018 budget that would take effect Oct. 1. In April 7 letters addressed to the leadership and copied to all members of Senate and House budget committees, the industry groups urged those lawmakers to start a process to...
USDOT Awards $9 Million for Tribal Road Improvements
Seventy-four tribes were part of a $9 million award this week that will support 77 road safety projects in 22 states. The funds, which come from the Federal Highway Administration (FHWA)'s Tribal Transportation Program Safety Fund (TTPSF) are dedicated to improving transportation safety on tribal lands that are statistically some of the most hazardous in the nation because of poor physical condition and other factors. Congress created TTPSF in 2013 in the Moving Ahead for Progress in the 21st Ce...