Infrastructure Investment
California OKs $1.9B for Clean Transportation Infrastructure
TL/DR - The California Energy Commission plans to invest $1.9 billion through 2027 on projects to expand infrastructure for zero-emission vehicles, including an electric vehicle (EV) charging and hydrogen refuelling network. The investments include over $1 billion for zero-emission battery electric and hydrogen fuel cell truck and bus infrastructure, more than $650 million for light-duty […]
Revamping Education via Infrastructure Investment
TL/DR - In Vermont, state leaders, educators, and communities are pushing for a major shift in prioritizing educational spaces due to aging infrastructure and buildings. They aim to reinstate a state construction aid program to fund improvements in public schools and develop a long-term strategy for these investments. Alongside this, the government’s $3-billion Primary and […]
America's Urgent Need for Infrastructure Investment
TL/DR - The US faces a silent crisis in the form of a deteriorating infrastructure, with a projected funding gap of $2.6 trillion in 2023 and potential $10 trillion loss by 2039 if infrastructure is not prioritized. In response, the government has approved the Bipartisan Infrastructure Law and the Build Back Better Framework, set to […]
Hochul Announces $49M for NY Water Infrastructure Upgrades
TL/DR - Over $49 million has been approved by the Environmental Facilities Corporation Board of Directors for water infrastructure improvement projects across New York State. This includes over $20 million from the Federal Bipartisan Infrastructure Law, with a $13 million grant specifically for the Buffalo Sewer Authority to modernize the treatment system at the Bird […]
Surety Bonds Boom With $550B Infrastructure Act
TL/DR - The $550 billion infrastructure package, a key part of Biden's administration, has led to a 15.7% growth in the surety bond market in 2022, according to the Surety & Fidelity Association of America. Surety bonds, which act as financial safeguards against non-performance, default, or breaches of contract in construction and public projects, are […]
Connor, Clark & Lunn to boost renewable energy with Alberta wind farm investment
TL/DR - Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has agreed to acquire an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada for about C$0.6 billion ($474 million), boosting its wind generation assets to more than 600 MW. The Sharp Hills facility, one of Canada's largest onshore wind farms with around […]
Beacon Hospital to be Acquired by Macquarie Asset Management
TL/DR - Macquarie Asset Management is set to acquire Beacon Hospital in Dublin through its Macquarie European Infrastructure Fund 7. The hospital, which serves over 200,000 patients annually, has experienced significant growth in the past decade due to major investment by the current shareholders. After the completion of the acquisition, expected by the end of […]
Capital Budget Politicization Jeopardizes Infrastructure and Economy
TL/DR - Capital budgets, once managed by technical experts, are becoming increasingly politicized, which is leading to significant consequences, especially for infrastructure investment. As operating budgets become inflexible due to fixed costs such as retiree pensions, politicians are often driven to use capital budgets to fund healthcare and education initiatives. This politization and short-term focus […]
US Infrastructure Investment
TL/DR - The Bipartisan Infrastructure Law (BIL) signed by President Biden in November 2021 allocated $1.2 trillion for transportation, energy, and climate infrastructure in the US. Significant funding has been directed towards water projects, broadband expansion, clean energy projects, and transportation, with most of the money being distributed through state, local governments, tribal nations, and […]
PLAs and CWAs Support Infrastructure Investment
TL/DR - The Biden administration's infrastructure laws, including the Infrastructure Investment and Jobs Act (IIJA), the CHIPS and Science Act, and the Inflation Reduction Act, promise to boost the economy, create numerous high-quality jobs, and invest billions in the country's infrastructure. The administration is encouraging the use of Project Labor Agreements (PLAs) and Community Workforce […]
