Tag: infrastructure funding: Page 6

Roadbuilding

California governor proposes annual vehicle fee to fund road construction

California needs more money for its aging roads and bridges, but with so many electric and hybrid vehicle drivers, the state isn’t getting enough funding from fuel taxes to foot the bill. Gov. Jerry Brown has proposed a new plan to try to put more funds back in the transportation budget. According to CBS San Francisco, […]

January 14, 2016

Roadbuilding

Illinois Tollway refinances series 2008B bonds, saves $50.9 million

The Illinois Tollway has issued $333 million of series 2016A fixed rate refunding bonds that refunded $350 million of its Series 2008B bonds. These bonds will mature in 16-17 years and will reduce the agency’s bond principal and interest payments during fiscal years 2016 through 2032 by $50.9 million. “Refinancing these bonds at this time […]

December 28, 2015

Roadbuilding

Pennsylvania Rapid Bridge Replacement Project financing wins 2015 Northeast Deal of the Year

The Pennsylvania Economic Development Financing Authority’s (PEDFA) Rapid Bridge Replacement Project transaction was named 2015 Northeast Deal of the Year by The Bond Buyer. “It is exciting to see that this PEDFA-financed project is being recognized,” says Gov. Tom Wolf. “Making projects like this a reality takes time, planning and teamwork on behalf of state […]

December 28, 2015

Roadbuilding

AED: Highway bill to stimulate more than $13 billion in heavy equipment sales

The newly passed FAST Act that pumps $305 billion into transportation over the next five years isn’t just good for the construction companies doing the road work and the drivers who might have an easier commute. It’s also major boon for the heavy equipment industry. Associated Equipment Distributors said that the Fast Act would pump $13.27 […]

December 11, 2015

Roadbuilding

States praise Congress for passing long-term highway bill

When Congress passed the first national long-term highway bill in a decade last week, it was a huge relief to state officials across the U.S. The constant uncertainty with patch after patch made planning for transportation projects difficult because state DOTs didn’t know if and how much money they might be getting from the federal […]

December 10, 2015

Roadbuilding

Obama signs 5-year highway bill into law

For the first time in a decade the United States has long-term transportation funding as both the House of Representatives and Senate voted overwhelmingly Thursday to pass the five-year, $305 billion FAST Act. President Obama signed the bill into law Friday. “Under the Act funding will go up by roughly 11 percent over five years. This […]

December 4, 2015

Roadbuilding

White House says Obama will sign highway bill; House set to vote today

President Barack Obama will sign Congress’ new $305 billion transportation bill into law should it pass both the House of Representatives and the Senate this week. According to The Hill, White House Press Secretary Josh Earnest said the president will sign the FAST Act into law before the deadline in order to prevent transportation funding […]

December 3, 2015

Roadbuilding

House and Senate unveil 5-year, $305 billion highway bill

Members of the United States House of Representatives and the Senate were able to reach an agreement on a unified highway bill and announced on Tuesday a $305 billion bill that would provide transportation funding for five years. The negotiators from the two chambers in the conference committee unveiled on Tuesday the Fixing America’s Surface Transportation Act, […]

December 2, 2015

Roadbuilding

Hillary Clinton rolls out $275 billion infrastructure plan at launch of construction coalition

Democratic presidential candidate Hillary Clinton rolled out a massive $275 billion infrastructure at the launch of her campaign’s new “Hard Hats for Hillary” coalition. According to ABC News, the frontrunner for the Democratic presidential nomination revealed her new five-year plan to invest in America’s infrastructure that would be paid for by business tax reform. Clinton […]

December 1, 2015

Roadbuilding

Obama signs 2-week transportation patch

President Barack Obama signed into law on Friday the 36th short-term highway bill patch as Congress works out a unified long-term bill. The new patch will extend funding through Dec. 4, by which time the House and Senate hope to have the first long-term highway bill in over a decade on the president’s desk. The Hill reported that Obama […]

November 23, 2015

Roadbuilding

Democratic senators call for shorter highway bill in order to maximize funding

A group of 26 Democratic senators have sent a letter to the bicameral conference committee currently working on a highway bill, calling for a shorter bill in order to provide more funding. Sens. Cory Booker (D-New Jersey) and Tom Carper (D-Delaware) led the group of Democrats in the push for greater investment in the country’s infrastructure. The […]

November 20, 2015

Roadbuilding

Most recent highway funding patch “the last,” vows Shuster as bicameral conference gets underway

Lawmakers proclaimed that the latest and 36th-straight short-term highway patch would be the last as the bicameral conference committee met for the first time Wednesday. The bipartisan committee of members of the House of Representatives and the Senate met publicly Wednesday morning to begin the process of drafting the first long-term transportation bill in a decade. […]

November 19, 2015