Thu November 19, 2015
Illinois Tollway Issues $400M in New Revenue Bonds
The Illinois Tollway today sold $400 million in senior revenue bonds – the second of two new-money bond issues totaling $800 million in 2015. The Tollway bonds are priced to produce reoffering yields ranging from 2.77 percent to 3.65 percent and yields to maturity ranging from 2.93 percent to 4.25 percent....
Fri November 20, 2015
OSHA Fines Could Increase Over 80 Percent Next Year
According to the National Law Review, Congress recently passed the budget agreement which contained a provision which permits OSHA to raise fines significantly starting in August 2016. The law permits a one-time “catch up” increase up to 82 percent, since fines have not been raised since 1990....
Tue November 17, 2015
Christie Names Hammer New Transportation Commissioner
TRENTON, N.J. (AP) Gov. Chris Christie has named Richard Hammer as New Jersey’s newest transportation commissioner. Christie, a Republican, said in a statement Friday he will formally nominate Hammer to succeed Jamie Fox, the longtime Democratic operative, who announced his resignation earlier this month....
Wed November 18, 2015
DOT Wins Face Off Over Gordie Howe Bridge
DETROIT (AP) - The Michigan Department of Transportation has cleared a hurdle as it moves to acquire property for construction of a $2.1 billion bridge across the Detroit River between Canada and the U.S....
Will Weissert - ASSOCIATED PRESS - Sat November 14, 2015
Voters Approve Prop 7 for Road Construction, Maintenance
AUSTIN, Texas (AP) Voters statewide approved all seven proposed amendments to the Texas Constitution on Nov. 3, including Proposition 7 which will pump billions of extra public dollars into roads. Proposition 5 lets counties with fewer than 7,500 people privatize road construction and maintenance — up from the current maximum of 5,000 residents....
Giles Lambertson - Mon November 16, 2015
North Americans Could Solve their Construction Problems
The North Americas are on the move, though not exactly in the same direction and certainly not in any coordinated way. Heavy contractors and makers of construction machinery would love to see more cooperation among Canada, Mexico and the U.S....
ANDREW TAYLOR - ASSOCIATED PRESS - Fri November 13, 2015
Senate Passes Military Base Construction Measure
WASHINGTON (AP) - The Senate passed its first spending bill of the year on Tuesday, a popular $80 billion measure for veterans’ programs and construction projects on military bases long delayed by infighting over the broader budget....
JOSH LEDERMAN - ASSOCIATED PRESS - Fri November 06, 2015
Killing Keystone XL, Obama Says Pipeline Not in US interests
WASHINGTON (AP) — President Barack Obama killed a Canadian energy giant’s application to build the Keystone XL pipeline on Friday, declaring the proposed project wouldn’t serve U.S. national interests and would have undercut America’s global leadership on climate change....
Brian Slodysko - ASSOCIATED PRESS - Fri November 06, 2015
Key Lawmaker Raises Questions About $1B Job
INDIANAPOLIS (AP) Days after Gov. Mike Pence proposed a $1 billion rehab of state highways, a key Republican lawmaker raised questions about construction cost estimates provided by the governor’s administration — figures he said are shockingly cheaper than they were just two weeks earlier....
Joan Lowy - ASSOCIATED PRESS - Thu November 05, 2015
House Votes to Keep Highway Spending Level, Ignores Warnings
WASHINGTON (AP) — The House voted Thursday to continue transportation programs for six years with no significant increase in spending, despite warnings from the White House and statehouses across the country that the nation’s roads, bridges and transit systems are falling apart....
