John Hennessy III,
P.E.
Port infrastructure in America is a critical component of economic growth, and because of that, significant capital investments distributed through grants allocated by the federal government are common. It has been estimated that between 2021 and 2025, federal investment in port infrastructure will be approximately $163 billion. These investments are focused on enhancing capacity and […]
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Two months ago, the federal government announced that $2.4 billion is available to support rail infrastructure projects in America. Hundreds of public officials interested in rail projects have already submitted applications for funding, and decisions about the projects selected for funding will be announced soon. In December 2023, more than $9 billion was awarded for […]
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Cities and counties throughout the U.S. are launching economic development initiatives that will generate new sources of revenue for government coffers. Projects of all types are currently underway, and many more initiatives designed to boost economic vitality are in the planning stages. Funding support is available from more than a dozen federal programs that offer […]
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Federal research and development are critical to global competitiveness, so Congress is committed to supporting and encouraging both. Federal programs prioritize funding for almost every type of research. The Infrastructure Investment and Jobs Act (IIJA) allocated a little more than $20 billion through 61 research programs. The Inflation Reduction Act (IRA) dedicated another $2.5 billion […]
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Aging tunnels in America, coupled with the country’s continued growth, have created an extremely high demand for attention. The imminent repair and replacement will result in significant growth in the tunnel construction market in North America over the next several years. Thousands of tunnels are in dire need of attention because every state has hundreds, […]
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by Mary Scott Nabers Large funding grants for surface transportation projects are available from the federal government’s Multimodal Project Discretionary Grant Program. This program, actively overseen by the U.S. Department of Transportation, is especially focused on funding projects that hold regional or national significance. Applications that were approved in 2023 will provide between $5.45 to $5.58 […]
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by Mary Scott Nabers In past years, it was likely more difficult for companies to categorize renovation and repair projects as highly attractive. That may not be the case anymore. Public entities throughout the U.S. are designing extremely large renovation projects, and without a doubt, these upcoming projects will be attractive to firms of all […]
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by Mary Scott Nabers Many people complain about toll road fees. The most common comment is, “Why should I have to pay for using a road that was constructed with my tax dollars”? The answer is simple. The fees required to maintain, expand, and construct new roadways throughout the state must come from somewhere and tolled […]
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by Mary Scott Nabers Several years ago, government officials began investing in large projects designed to increase tourism, attract conventions and events to their region, and monetize existing public assets. Economic vitality in every part of the country is a high priority, and the competition is extremely keen. Now, federal programs are supporting these types of […]
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ENERGY TRANSITIONS COMMISSION An analysis of energy demand trends and drivers in low carbon scenarios prepared by Vivid Economics for the Energy Transitions Commission In the absence of a demand-side energy transition, global energy demand is likely to grow by 60% to 2050 and greater efforts will be required to decarbonise energy supply. We analysed […]
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