During a July 11 hearing held by Senate Committee on Environment and Public Works on Capitol Hill, changes to Transportation Infrastructure Finance and Innovation Act or "TIFIA" loans were urged to help shorten the application period and the timeline for their disbursement – both key issues for state departments of transportations seeking such loans for funding a variety of highway projects. "Overall the TIFIA program is great but there are areas to improve upon," explained B
The $1 billion construction estimate is a fraction of what subterranean transit projects cost. The Boring Company, the tunneling venture Tesla CEO Elon Musk started in 2016 out of his personal frustration with surface-level gridlock, has made a significant step towards evolving beyond billionaire-passion project: The company has been selected to build and operate an 18-mile, 12-minute rapid transit connection between Chicago’s downtown Loop and O’Hare International Airport, a
WASHINGTON – The U.S. Department of Transportation (US DOT) today announced the list of 41 recipients of nearly $500 million in discretionary grant funding for road, transit, maritime and rail projects through the Transportation Investment Generating Economic Recovery (TIGER) program. “TIGER grants are targeted investments for our local communities that will increase safety, create jobs and modernize our country’s infrastructure,” said Secretary Elaine L. Chao. More than 64%
A higher gas tax and new fees for alternative-fuel vehicles are among the ways America can pay for a major overhaul of its outdated infrastructure — and create jobs in the process, says a bipartisan group that includes U.S. Rep. Elizabeth Esty. “This will put people to work, and everybody knows we need to do it,” said Esty, a three-term Democrat who co-chairs the U.S. House Problems Solvers Caucus Infrastructure Working Group. “We think there is narrow window of a couple mont
Better roads, shorter commutes to work - not bathroom bills. Tax reform that actually cuts property taxes - not petty political feuds. Common sense public policy - not social issue melodrama spun by the fringe. I think most of us would choose pragmatic governing in Austin any day over partisan divisiveness. But it's always nice when you hear a group of elected officials, all conservative Republicans, admit they want it, too. On Monday, a panel of six county judges representin
WASHINGTON — Recommendations for upgrading the nation's public works that a bipartisan group of House lawmakers released this week underscore the difficult budget math Congress will face coming up with the money for any eventual White House infrastructure plan. The Problem Solvers Caucus, a group of 48 lawmakers, outlined their recommendations in a report issued Wednesday. Reps. John Katko, a New York Republican, and Elizabeth Esty, a Connecticut Democrat, led a caucus workin
President Trump urged Congress to bring back lawmaker-sponsored project "earmarks" and use them to build support for legislation, at a time his administration is weighing how and when to roll out a long-delayed infrastructure investment plan. Trump made his earmark comments during a White House session with members of Congress from both parties to negotiate an immigration issue that is holding up budget talks. But the congressionally designated appropriations for individual p
No one thinks twice about whether professional sports teams should let corporations buy the naming rights to their stadiums. You expect to hear about AT&T Stadium whenever a sportscaster talks about the home of the Dallas Cowboys. The Texas Rangers play at Globe Life Park in Arlington. The Dallas Mavericks do battle at the American Airlines Center in Dallas. We understand sports franchises are big businesses and selling these corporate sponsorships is one way they make money.
For the first time in more than 30 years, Congress has passed a major overhaul of the tax code. The Senate and House have approved the GOP compromise bill, and President Trump is expected to sign it before the end of the year. The final bill is better than initially expected for state and local governments, but key provisions are still likely to force big changes to their cost of borrowing. The cause of these changes is indirect: The bill's big break for corporations on their
With 2017 marking the first full year since the $5 billion expansion of the Panama Canal, shipments of liquefied petroleum gas and liquefied natural gas combined marked one of the largest uses of the recently enhanced waterway, Ambassador Juan B. Sosa, consul of Panama, said Tuesday.
The transport of cargoes of LPG and LNG, largely from ports along the US Gulf Coast to markets in Asia, has had a "tremendous impact" on the total volume of cargoes transiting through the canal