Finance - Articles - Page 34 | Engineering News-Record

Bridge Infrastructure

US DOT Launches Competition for $2.4B in New IIJA Bridge Grants

Five-Year Grant Program Will Total $12.5B

June 10, 2022

AGC of America official believes there will be "a lot of demand" for the program, which will provide $12.5 billion in funding over five years.

Labor, Asset Management Among Topics at APTA Rail Conference

Aileen Cho

June 10, 2022

No Comments

While still jubilant about the unprecedented amount of federal funding for transit, rail advocates also are concerned about the shortage of workers, the need to better manage project risks and the ability to implement mandated asset-management plans for their infrastructure and vehicles.

Clean Energy

Feds Close on $504M Loan for $1B+ Utah Hydrogen Storage Hub

James Leggate

June 9, 2022

No Comments

U.S. Dept. of Energy officials say they are preparing to issue loan guarantees for more clean energy projects.

DOD to Contractors: No Inflated Cost Pay on Current Fixed-Price Jobs

Richard Korman

Scott Van Voorhis

June 8, 2022

No Comments

A U.S. Defense Dept. guidance memo gives instructions on how contract cost adjustment clauses should be written in the future.

Trade Policy

Biden Pauses Solar Tariffs, Pushes Defense Act To Boost Stalled Construction

Mary B. Powers

Debra K. Rubin

June 6, 2022

No Comments

Probe of Chinese-made components from four Asian nations will continue, but prospect of retroactive tariffs that have delayed imports and project work for months is abated for two years; "we lost track of prioritizing domestic manufacturing," said one former industry exec in a podcast

Port of Baltimore Railroad pa-01-13-csx-facility-mcallen_crop.jpg

Railroads

US DOT Awards $368M in Rail Infrastructure Grants

Funds go to upgrade track, bridges, stations and grade crossings.

Tom Ichniowski

June 2, 2022

No Comments

Grants to go for 46 projects in 32 states and District of Columbia.

Project Finance

MoDOT's Five-Year Plan Boosts Road, Bridge Funding to $7.7B

Transportation agency proposes increased spending over previous five-year plan

James Leggate

June 1, 2022

No Comments

The Missouri Dept. of Transportation’s draft 2023-2027 State Transportation Improvement Program includes an average of $1.5 billion each year for road and bridge projects.

Infrastructure Act

Biden Administration Highlights IIJA's $13.4B for Tribal Infrastructure

Tom Ichniowski

May 31, 2022

No Comments

Total includes $3.5B for Indian Health Service sanitation facilities.

Map showing path of the Gateway South Transmission Project from from Utah, through Colorado to Wyoming

Power Construction

Western Transmission Projects Pushed to Link New Power Sources

Mary B. Powers

May 31, 2022

No Comments

Large scale voltage lines move ahead in federal reviews, as utilities seek to link more onshore wind and other renewable energy in their changing power source mix.