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Transportation Secretary Anthony Foxx launched the Build America Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects.
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Board members approved funding plans for the Central Valley and San Francisco-San Jose segments, as well as authorizing the issuance of a “request for qualifications” from potential train-operating companies.
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The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.
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Though TEB inventor Song Youzhou has insisted the company is still operating normally, sources told China’s The Paper that a major TEB investor has now cut off further funds.
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In a letter, the FTA denied the City of Honolulu’s request to extend the deadline for the so-called recovery plan until the end of June.
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The agency announced Thursday that the payment of almost $1.9 million covers the time period of July 2016 through September 2016 and is part of a nearly $17.6 million transfer to the Downstate Public Transportation Fund.
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The roughly $180,000 in cost savings from the night service reductions for the Springfield Mass Transit District are less than one third of what is already being done while SMTD awaits delayed payments and a clearer budget picture from the state.
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The university’s $27 million collaboration with Frontt Capital Management, a Shenzhen-based investment firm, will establish a joint research center for intelligent vehicles at the university and a robotics laboratory on North Campus.
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Recent approval of a sales tax plan provides the agency with its first-ever dedicated funding and a chance to jump-start multiple projects.
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As mentioned in my Fact Book column, much of how we will look back on 2016 depends on what happens in November, which will be past our press time. Yet 2016, to date, was quite momentous,even without the election results.
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