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The investment will power the company’s global expansion; strengthen its mobility cloud platform technology; and extend its customer relationships with service providers, strategic OEMs, and technology partners.
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The Administration offered cuts to crucial programs that fund public transit infrastructure to pay for their proposed infrastructure plan.
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METRO Magazine’s Managing Editor Alex Roman spoke to Butler about Lextran’s day-to-day challenges, its alternative-fuels program, and how the lack of federal funding could impact the agency and the community it serves.
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Only 3.6% of the TIGER grants that were recently announced went to public transit projects, representing a significant decrease in public transit TIGER grants.
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Increases affect each segment of the project ranging from 20% to 35% and show revised schedules that would push out delivery dates.
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More than 64% of this round of TIGER funding was awarded to rural projects, a historic number that demonstrates this Administration’s commitment to supporting the country’s rural communities.
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Funding for the plan would be offset by rolling back two-thirds of the revenue lost in the Republican tax bill by reinstating a top income tax rate of 39.6%, restoring the individual alternative minimum tax, reversing cuts to the estate tax, and raising the corporate income tax from 21% to 25%.
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She said New York and New Jersey "have no skin in the game" and need to pony up more money to help pay for the project.
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The New Year that just began should be a good one for the launching of new rail and bus rapid transit lines and extensions to existing networks, with the project schedules we’ll look at below.
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All of the company's earlier investors participated, including Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco.
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