Roads & Bridges » The Federal Highway Administration on Friday announced more than $1 billion in Emergency Relief funds to help 32 states, several U.S. territories and Federal Land Management Agencies repair roads and bridges damaged by storms, floods and other unexpected events. At approximately $263.7 million, more than a fourth of the total amount provided will be used to repair damages caused by Hurricanes Harvey, Irma and Maria.
The Press Democrat » California’s long-term recovery from last year’s devastating wildfires is getting a $212 million boost from the federal government, housing officials announced Tuesday. The grant funding from the U.S. Department of Housing and Urban Development will help disaster-affected counties in the state rebuild homes, businesses and infrastructure.
CNBC » Municipal bonds are expected to be considerably scarcer in 2018, with one firm projecting a “steep decline” in issuance. Rising yields are raising costs for governments, while changes in tax laws have made munis less appealing. Already, January issuance fell 26 percent from the same period in 2017 and dropped 57 percent from December, which along with November saw a huge rush ahead of new tax laws taking effect.
WTOP » Local experts are moving ahead with plans for the region to comply with federal rules aimed at helping the nation get a grip on everything from potholes and bridge repairs to greenhouse gas emissions. The MAP-21 and Fast Act rules require states, regional entities and providers of public transportation to collect and track data related to highway and transit issues, such as safety, infrastructure condition, system reliability and environmental sustainability.
Roads & Bridges » Gov. John Bel Edwards and Louisiana Department of Transportation and Development (LaDOTD) Secretary Shawn D. Wilson announced the state’s intention to utilize federal Grant Anticipation Revenue Vehicle Bonds (GARVEE Bonds) to construct four major projects in three areas of Louisiana that have been part of the State’s Transportation Master Plan for decades.