The Road Improvement Program (TRIP) recently reported that pavement on 32 percent of America’s roadways is in substandard condition. That results in very rough rides for motorists. Vehicles don’t hold up well under constant jarring and tires don’t last long either…but that’s only a fraction of the real cost for motorists. The accelerating deterioration of […]
On Nov. 8, voters gave a huge show of support by approving bond packages that allocated billions of dollars in funding for major public transportation projects across the country. Front and center in many of the bond referendums were transit projects of all types. Contractors, engineers, planning firms, environmental companies and consultants will be monitoring […]
Think traffic congestion is a pain? Try finding a parking space! It’s a growing problem in America, particularly in cities. Finding a place to park near a commercial building, medical center, college campus or residential housing in a mixed-use development is often impossible. Government officials are developing programs and designing apps in an effort to […]
Nationwide, city executives and transportation officials are examining mobility issues and trying hard to solve congestion problems. Funding is never adequate and frustration grows in both the public and private sectors as traffic congestion becomes almost unbearable. With little relief in sight and transportation needs escalating, citizens throughout the U.S. will be asked to vote […]
Transportation infrastructure contracting opportunities will be abundant in Texas over the next 10 years. The Texas Transportation Commission this week approved the largest transportation spending plan in the history of the Texas Department of Transportation (TxDOT) – $70 billion – by ratifying the 2017 Unified Transportation Program. The $70 billion program will concentrate on capacity […]
While hundreds of infrastructure projects languish for want of funding, experts say that last year alone, the top 30 global infrastructure equity funds raised enough capital to finance $724 billion dollars’ worth of these projects. Funding is not a problem! Interestingly enough, the United States was home to five of the top 10 and 10 […]
Millions of dollars’ worth of government contracts and increased opportunities for an infusion of private capital through public-private partnerships (P3s) in the United States will result from the announcement today of the recipients of $500 million in Transportation Investment Generating Economic Recovery (TIGER) grants. Forty communities in 32 states and two U.S. territories were awarded […]