Governor Wolf Announces $40 Million from the Multimodal Transportation Fund for 37 PennDOT Projects
Harrisburg, PA – Governor Tom Wolf and Secretary Leslie S. Richards announced today that 37 highway, bridge, bike and pedestrian projects will receive $40 million in Multimodal Transportation Fund grants from the Pennsylvania Department of Transportation (PennDOT). A list of the projects by county is below. "Communities across Pennsylvania rely on infrastructure improvements to support economic growth and attract new residents and businesses," Governor Wolf said. "These projects support impro...
Turner’s Third Quarter Building Cost Index Increases as Construction Activity Experiences Modest Gains
Turner Construction Company Building Cost Index Reflects significant increases in construction activity in the Northwest and Southwest regions of the United States Turner Construction Company announced that the Third Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 995. This represents a 1.22% increase from the Second Quarter 2016 and a 4.85% yearly increase from the Third Quarter...
New Global Team Formed to Strengthen Society’s Resilience to Shocks and Stresses
A £10 million resilience engineering programme has been announced today, established by the Lloyd’s Register Foundation in partnership with global engineering and consultancy firm, Arup. The programme will make infrastructure for sectors including energy, transport, food and water more resilient to shocks and stresses. The team will work with businesses, engineers, researchers and others to develop standards and build networks of learning and best practice. The programme has been revealed at the...
Federal Government Agrees Rhode Island's Truck-Only Tolling Program Meets Federal Law
The Rhode Island Department of Transportation (RIDOT) announced today that it has executed 13 Memoranda of Understanding (MOUs) with the Federal Highway Administration (FHWA), a central piece of RhodeWorks implementation. These MOUs make clear that the federal government agrees with Rhode Island's program to implement bridge tolls on large commercial vehicles or "tractor trailers" at these locations across the state. "For too long, our state kicked the can down the road on infrastructure, all...
DOT Announces over $20 Million in Hazardous Materials Emergency Preparedness Grants to States, Territories, and Tribes
DOT Announces over $20 Million in Hazardous Materials Emergency Preparedness Grants to States, Territories, and Tribes | Department of Transportation/ / / / / WASHINGTON – The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) today announced it is issuing $20.4 million in Hazardous Materials Emergency Preparedness (HMEP) grants to states, territories, and Native American tribes to enhance their ability to respond to haz...
Transform Financial System to Deliver Sustainable Infrastructure, says Commission
Washington, D.C., October 6, 2016: A major new report from the Global Commission on the Economy and Climate calls on governments and finance institutions to scale up and shift investment for sustainable infrastructure as a fundamental strategy to spur growth. “Investing in sustainable infrastructure is essential to solve all the world’s most pressing problems,” said Felipe Calderón, former President of Mexico and Chair of the Global Commission. “It’s key to reigniting global growth. It’s key...
Fluor Corporation to Hold Third Quarter Earnings Conference Call
IRVING, Texas - Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its third quarter ended September 30, 2016. The public is invited to listen to the conference call on Thursday, November 3, 2016, at 5:30 p.m. ET with Chairman and CEO David Seaton and Chief Financial Officer Biggs Porter. Financial results will be released after the market close that day. A live webcast of the call and an accompanying slide presentation will be available at investor.fluor.com. The...
AECOM Announces Amendment to Existing Credit Facilities
LOS ANGELES – AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, today announced it has completed an amendment of its existing credit facilities. This transaction, which was facilitated by the Company’s strong financial position and favorable bank market conditions, reduces the Company’s borrowing cost and provides additional flexibility to execute on its strategy. The amended credit agreement, as approved by AECOM’s lenders, includes the following benefits: • Reduces...
New Pathways to Credit Announced
The Build America Bureau (Bureau) began offering an Emerging Projects Agreement in addition to a Master Credit Agreement for the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) and the Railroad Rehabilitation & Improvement Financing (RRIF) programs. The Bureau can provide technical assistance and contingent commitments under the TIFIA and RRIF programs. The use of these two new agreements will help infrastructure projects at different phases of development reach project...
Associations’ Panel Urges Congress to Act Fast on 2017 Funds, End Rescission Threat
AASHTO Journal - Associations’ Panel Urges Congress to Act Fast on 2017 Funds, End Rescission Threat / / / / / / / / / / / / / / / / / / / / / / / / / A panel representing three major infrastructure investment organizations is urging Congress to quickly approve 2017 transportation appropriations with already authorized increases, and to kill a Senate proposal that would strip $2.2 billion out of certain highway programs. The panel is the Joint Committee of...