Governor Wolf Commits to Phasing Out Gas Tax, Announces Commission to Develop Funding Solutions
Harrisburg, PA – Governor Tom Wolf today reiterated his commitment to phase out Pennsylvania's gas tax, which is becoming an unreliable source for funding Pennsylvania's vast transportation network. To make this possible and to further address the state's transportation funding needs, the governor has also signed an Executive Order...
USDA Investing $285M In Transportation, Infrastructure
The U.S. Department of Agriculture plans to invest $285 million to help the Forest Service address critical deferred maintenance and improve transportation and recreation infrastructure on national forests and grasslands. [Above photo by the U.S. Forest Service.] That funding comes from the newly created National Parks and Public Land Legacy Restoration Fund, established in 2020 by the Great American Outdoors Act. The USDA noted that the Great American Outdoors Act authorizes funding un...
Wärtsilä to supply and maintain two major interconnected energy storage systems for Texas grid services
200MW of energy storage systems to enable continued growth of wind and solar in the ERCOT market by providing balancing and grid quality services © Wärtsilä Corporation. The technology group Wärtsilä will supply its advanced energy storage technology for two major projects in southern Texas, USA. The interconnected stand-alone systems will have a combined rated capacity of 200 MW. Wärtsilä has also signed ten-year guaranteed asset performance agreements for the installations. The order was...
Aircuity CEO to CERAWeek: COVID-19 Makes Healthy Buildings a Permanent Requirement
Dan Diehl remarks on Indoor Air Quality, Healthy Ventilation and the “Sustainability Crossroads” NEWTON, Mass., USA – Dan Diehl, CEO at Aircuity, (www.aircuity.com), the leader in accurate ventilation for healthy sustainable buildings, told CERAWeek 2021 attendees last week that healthy buildings will remain a permanent part of all emerging sustainability goals in a post-COVID world. CERAWeek by IHS Markit is the world’s premier energy event with comprehensive insight into the global and...
Oldcastle Infrastructure Extends Presence to Upper Midwest with Hancock Concrete Acquisition
ATLANTA, Ga. – Oldcastle Infrastructure™, a CRH company, announced today that it has acquired Hancock Concrete Products LLC from Superior Industries. Hancock Concrete is a manufacturer of concrete pipe and precast products in the United States upper Midwest. “Founded in 1917, Hancock Concrete has been a trusted partner with a long track record of serving the upper Midwest. Its well-rounded product offering and people first approach are a great addition to our growing business,” said Jason...
Stantec adds shipyard engineer to Federal practice in Virginia Beach, Va.
VIRGINIA BEACH, VA TSX, NYSE:STN: Leading global design firm Stantec has added Robert Fogel, P.E. as a principal to focus on defense ports in the Federal practice and port and marine terminal projects. Fogel will be located out of the office in Virginia Beach, Virginia. In this role, he will serve as a project manager supporting the firm’s US federal and commercial client accounts. Fogel will also serve as a waterfront technical leader for Stantec’s Transportation practice. With more than 36...
Cityzenith goes high-end with new high-rise Digital Twin deal in the Middle East
Cityzenith is hitting new heights with a pioneering contract to create a multi-purpose Digital Twin for an ultra-luxury residential condominium tower in the Middle East. The Lamina Tower is under construction at the Jeddah Corniche resort on the Red Sea in Saudi Arabia, and with premium 10,000 ft² units revealing unobstructed views of the Red Sea from all rooms, is billed to be one of the most luxurious residential properties in the country. The contract with Cityzenith makes it the first...
2nd Annual AEC Industry HR Remote Summit on April 8-9th
The AEC HR Summit is Virtual…AGAIN! After an outstanding success of our first virtual summit in 2020, we are excited to announce our 2021 AEC HRemote Summit. Join us April 8th-9th from the comfort of your living room, office, local park or wherever. Due to the ever changing world, we must talk about what’s happening in the AEC industry NOW. Together we’ll tackle the difficult topics you’re dealing with today: The State of The AEC Industry One Woman’s Successful AEC Journey Legal Up...
Transportation Getting $100B From $1.9T COVID Package
The $1.9 trillion COVID-19 relief package, known as the American Rescue Plan or ARP recently reconciled between the House of Representatives and the Senate and signed into law by President Joe Biden on March 11, allocates $100 billion to transportation. [Above photo of President Joe Biden signing the ARP into law. Photo via the White House.] According to funding breakdown issued by Rep. Peter DeFazio, D-Ore., chair of the House Transportation & Infrastructure Committee, the final version o...
MetLife Investment Management Originates $15.7 Billion in Private Placement Debt and Private Structured Credit In 2020
2020 business activity includes $3.6 billion of investments originated on behalf of third party institutional asset management clients WHIPPANY, N.J.— MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it originated $15.7 billion in private placement debt and private structured credit across 215 transactions in 2020. This included $3.6 billion of investments originated on behalf of third party institutional clie...