Infrastructure Investment
$39M allocated for South Grand Island Bridges rehabilitation
The Facts - $39 million has been secured to rehabilitate the South Grand Island Bridges. Repairs will make the bridges more resistant to seismic activity and provide better connectivity. An additional $1.6 million has been secured for emergency response planning in several counties. South Grand Island Bridges Rehabilitation Receives $39 Million Funding In a significant […]
4 Factors Make Infrastructure a Superior Investment to AI
The Facts - Investor Steve Eisman sees infrastructure as a promising sector for investment due to several key factors. Eisman identifies four main drivers: a post-COVID push towards onshoring, the industrial implications of artificial intelligence, electric grid improvements and greenification. Eisman is skeptical about certain aspects of green energy and has no faith in the […]
Port Safety, Security, & Infrastructure Investment
The Facts - The Coast Guard and Maritime Transportation Subcommittee held a hearing on port safety, security, and infrastructure investment. Witnesses from various sectors and authorities, including Congress, Coast Guard, and private-sector leaders, gave testimonies on the topic. Concerns were raised about the growing influence of China in the maritime domain, cybersecurity threats, and the […]
Blackstone heads $600m investment in Quinbrook solar fund
The Facts - Blackstone Strategic Partners led a $600m fundraising for a solar and storage fund managed by Quinbrook Infrastructure Partners. The fund, called Quinbrook Valley of Fire, has acquired significant stakes in the Gemini Solar + Storage project and the Valley of Fire project in the US. The Valley of Fire portfolio comprises seven […]
Energy Dept. Finalizes Rule for Transformers, Major UAW Victory
The Facts - The U.S. Department of Energy finalised energy conservation standards for distribution transformers, preserving over 1,000 jobs. The new rule ensures a viable future for UAW-made steel to supply the transformer market. The Department of Energy's decision is praised for protecting American jobs and enabling U.S.-made electrical steel production. US Energy Department Finalizes […]
California Allocates $1B for Bike, Pedestrian Infrastructure
The Facts - Caltrans plans to spend around $930 million over the next four years to enhance bike and pedestrian infrastructure in California. The plan, approved by the California Transportation Commission, will add 265 miles of new and improved bike lanes and more than 1,300 safety features by mid-2028. Funding will mostly come from the […]
Maine's First EV Charging Station Funded by Infrastructure Law Opens
The Facts - The first electric vehicle (EV) charging station in Maine, funded by the Infrastructure Investment and Jobs Act introduced by President Biden, has been opened in Rockland. The EV industry is experiencing exponential growth worldwide due to increased focus on reducing greenhouse emissions, improved technology, and government regulations encouraging EV adoption. Challenges in […]
Rhode Island Energy Secures $326M for Infrastructure Upgrades
The Facts - PPL Corporation's subsidiary, Rhode Island Energy, has been given approval by the Rhode Island Public Utilities Commission to invest $326 million during the fiscal year 2024-2025 to enhance the state's electric and gas infrastructure. The approved expenditure includes around $300 million in capital investments, which will be used to improve the safety […]
Amazon invests $150bn in AI growth with data centers
TL/DR - Amazon plans to invest approximately $150 billion over the next 15 years in data centers to manage the anticipated rise in demand for AI applications and digital services. This move is part of Amazon's strategy to maintain its leading position in the cloud services sector, despite experiencing its slowest sales growth on record […]
2023 Measure A Report: 15 Years of Local Infrastructure Funding
TL/DR - The 2023 Measure A Annual Report marks the 15th anniversary of the voter-approved 0.5 cent transportation sales tax in Santa Barbara County, California, which funds construction projects across the county. The Measure A was approved by 79% majority vote in November 2008, making the county one of 25 in California with this type […]
