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USDOT Launches Innovative Infrastructure Financing Tool

Construction Equipment

Transportation Secretary Anthony Foxx today announced that four transit projects in the Seattle area could receive up to nearly $2 billion in financing through an innovative infrastructure financing tool created by the Department of Transportation’s Build America Bureau.

Finance 48
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Industry Groups Say Inflation, 'Buy America' Hampering IIJA Impact

ENR Construction

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace.

America 36
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Industry Groups Say Inflation, 'Buy America' Hampers IIJA Impact

ENR Construction

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace.

America 36
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Soaring prices and delivery delays for lumber, steel, and other inputs squeeze finances for construction firms already burdened by pandemic

BD+C

Association officials urged the Biden administration to review and rescind a range of trade tariffs in place, including for Canadian lumber, that are contributing to the price increases.

Finance 98
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P3 Inks Deal for Detroit-Windsor Bridge Project Financing

ENR Construction

Bridging North America, a partnership of Fluor, ACS Infrastructure Canada and Aecon Group, reached financial close late last month to design, build, finance, operate and maintain the 1.5-mile-long mile-long Gordie Howe International Bridge Project for the Windsor-Detroit Bridge Authority under a 36-year, $4.4-billion

Detroit 42
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Can No Down Payment Mortgages Close the Homeownership Gap?

Pro Builder

Bank of America is offering zero down payment mortgages to first-time minority homebuyers in five U.S. This week, Bank of America announced that it will be offering zero down payment mortgages for first-time buyers in historically Black and Hispanic neighborhoods in five U.S. Financing. Fri, 09/02/2022 - 09:54. Demographics.

Banking 52
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Pandemic Chokes Projects

Construction Equipment

The chief economist for the Associated General Contractors of America (AGC) said responses to the coronavirus have choked off the pipeline for upcoming construction. The pandemic has devastated the finances for businesses, institutions, and state and local governments, leading to widespread…

AGC 66