States’ fiscal year 2015 expenditures on capital projects, including construction, rose 3%, to an estimated $98.2 billion, the National Association of State Budget Officers has reported.
The advent of autonomous vehicles (AVs), ride-sharing services, and other culture and technology trends portends transformative changes to the U.S. transportation system.
Shortly before Congress adopted a measure to help curtail individual surety fraud, an appellate court decision seemed to make it more difficult for contractors who use individual surety bonds on public project bids to compete.
A massive Dept. of Defense authorization bill that, at press time, was awaiting President Obama’s signature includes a provision to eliminate much of the fraud in individual surety bonds.
One of the first priorities of new House and Ways Committee Chairman Kevin Brady (R-Texas) is expected to be a push to extend tax credits that expired at the end of 2014.
President Obama’s Nov. 6 announcement that the State Dept. would not allow the Keystone XL pipeline to be built is a blow to contractors and construction unions that had strongly advocated for the project.
Tuesday, Nov. 3, proved to be a good day at the polls for infrastructure funding, with voters in eight states endorsing a variety of ballot measures aimed at generating new revenue for transportation and related projects.