Tag: HTF: Page 6

Roadbuilding

TIGER grant applications reach $9.8 billion, nearly 20x available for transportation projects

Applications for the seventh round of the U.S. Department of Transportation’s (USDOT) Transportation Investment Generating Economic Recovery (TIGER) grants amounted to $9.8 billion, a figure many times the $500 million available amount, and a clear indicator of the pressing need for increased federal funding. The majority of the 625 applications submitted by June 5 were […]

July 31, 2015

Roadbuilding

Senate on deck for approving House’s 3-month extension for transportation funding

The House has passed H.R. 3236, a new 3-month extension that provides financing for the Highway Trust Fund and other transportation expenses. Current transportation funding will expire July 31. The bill now moves on to the Senate, which is expected to vote on the legislation today or tomorrow and then send it on to President Obama, […]

July 30, 2015

Roadbuilding

Connecticut bond commission approves $24.9 million in first round of “Let’s Go CT” infrastructure projects

The Connecticut State Bond Commission has approved $24.9 million in the first round of infrastructure projects under the “Let’s Go CT” program approved earlier this year. The plan will provide $2.5 billion for projects over the next five years. In announcing the approval, Governor Dannel Malloy said this is the first step in revitalizing the […]

July 30, 2015

Roadbuilding

House to ignore long-term transportation funding bill and vote on 3-month extension to force Senate’s hand

The House plans to vote today on a new short-term extension for transportation funding, extending solvency for the Highway Trust Fund (HTF) to October 29, and will leave on their August break this afternoon, essentially shirking any responsibility in taking up the Senate’s long-term funding option. According to a report by The Hill, House Speaker John Boehner […]

July 29, 2015

Roadbuilding

Funding for Missouri transportation projects jumps 4.5% over projections

Fiscal year 2015 revenue from state taxes and fees used for funding transportation projects in Missouri increased by 4.5 percent compared to projections, resulting in a bonus $47 million to be used by the Missouri Department of Transportation (MoDOT) for roads and bridges. According to Missouri Highways and Transportation Commission (MHTC) Chairman Stephen Miller, this […]

July 29, 2015

Roadbuilding

Senators continue policy games with transportation funding bill as July 31 deadline looms

While the Senate’s DRIVE Act, H.R. 22, is being lauded for the potential it brings for the first long-term transportation funding option in years, it is now being used as a political pawn with attached amendments. The bill would provide three years of guaranteed funding for the Highway Trust Fund. This is nothing new in […]

July 28, 2015

Roadbuilding

Georgia DOT awards two bridge projects from new $100 million bridge bond program

The Georgia Department of Transportation (GDOT) has awarded two bridge and approach construction contracts that will be funded from a bridge bond program instituted this year by the state. The two projects, one in the southern county of Jeff Davis, and the other in the northern county of Elbert, are being financed through a $100 […]

July 27, 2015

Roadbuilding

TRIP report shows 28% of U.S. major urban roads are in substandard or poor condition

The Road Improvement Program’s (TRIP) recent report on major urban roads finds that 28 percent, including Interstates and freeways, are in substandard or poor condition providing “an unacceptably rough ride to motorists.” Only 31 percent are in good condition, while the remaining 41 percent are in mediocre or fair condition. When counting major rural roads, […]

July 24, 2015

Roadbuilding

U.S. drivers log 1.26 trillion miles through May, breaking record set 8 years ago

The Federal Highway Administration (FHWA) reports an estimated 1.26 trillion miles were traveled on U.S. roadways through May of this year, breaking the record of 1.23 trillion miles set through May 2007. In it’s monthly Traffic Volume Trends report, FHWA reported that May also saw a record number of miles for the month at 275.1 […]

July 24, 2015

Roadbuilding

Senate votes to carry on with 6-year transportation funding bill

The Senate DRIVE Act is out of limbo after a 62-36 vote late Wednesday evening that will allow the bill to move forward. The DRIVE Act would guarantee the solvency of the Highway Trust Fund for three years. Democrats held a caucus Wednesday to hear from members of Finance, Commerce, Energy, and Banking committees on their assessment […]

July 23, 2015

Roadbuilding

Wyoming Transportation Commission awards $14.6 million in highway project contracts

The Wyoming Transportation Commission awarded contracts for six highway projects totaling $14.6 million at its July meeting. The six projects range in values from $207,000 to $5.3 million. These include: Concrete barrier repair at two locations on U.S. 14A, 24 miles east of Lovell Expected completion: Oct. 31 Contractor and value: Reiman Corp., Cheyenne; $207,000 Centerline […]

July 23, 2015

Roadbuilding

Senate DRIVE Act is a 6-year transportation bill with 3-year Highway Trust Fund financing guarantee

The future of a long-term transportation bill became a bit brighter after Sens. Mitch McConnell (R-Kentucky) and Barbara Boxer (D-California) announced they had agreed in principle to a bipartisan a six-year transportation bill that aims to provide the Highway Trust Fund (HTF) with guaranteed funding for three years. However, in awkward procedural efforts, a vote […]

July 22, 2015