Top News2018-01-09T09:19:03-08:00

FEMA: $50B still needed to rebuild Puerto Rico

The Associated Press » The administrator of the U.S. Federal Emergency Management Agency said Friday it will take up to an estimated $50 billion to help rebuild Puerto Rico from Hurricane Maria and warned that the U.S. territory is not ready for another disaster. Brock Long said his agency aims to make the island’s roads, homes, bridges and electrical grid as strong as possible but noted that the next hurricane season starts June 1

April 6, 2018|

SB 1 Funds Allow Caltrans to Add Many Overdue Road Improvements

SCV TV » Caltrans submitted its 2018 State Highway Operations and Protection Program to the California State Legislature last week, anticipating nearly 1,000 projects totaling $18 billion. “In prior years, we had to postpone projects due to lack of funds but now we are accelerating those projects that are improving our roads, bridges, drainage systems and reducing congestion,” said Caltrans Director Laurie Berman.

April 6, 2018|

Self-imposed deadline passes for Gateway environmental review

Politico » The deadline may be self-imposed, but it is meaningful. Planners had been pursuing a two-year expedited environmental review process in the hopes of making a July deadline to access federal funding and launching the procurement process this summer. Now, the federal government is threatening to throw a wrench into the whole schedule.

April 4, 2018|

Massive United States-Saudi Infrastructure Fund Struggles to Get Going

The New York Times » Ten months later, the highly anticipated fund has yet to complete an initial round of fund-raising, much less start investing in infrastructure. Although the Saudis promised to contribute up to $20 billion, Blackstone is required to raise a dollar from other investors for every dollar the kingdom’s Public Investment Fund puts in.

April 4, 2018|

Massive United States-Saudi Infrastructure Fund Struggles to Get Going

The New York Times » Last May, the private equity firm Blackstone announced that it was creating a $40 billion fund that would invest in infrastructure projects in the United States. Ten months later, the highly anticipated fund has yet to complete an initial round of fund-raising, much less start investing in infrastructure.

April 4, 2018|
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