GM says it will seek compensation over the Venezuelan government's seizure of company assets last week, but compensation for the losses will be difficult. The government seized a General Motors factory, cars and other assets as anti-government protesters clashed with authorities.
Honda’s chief executive in China said the company will release an all-electric battery car there by the end of the year. The new vehicle will coincide with new regulations for so-called "new energy vehicles."
Patrick Jones, executive director and CEO of IBTTA, puts the blame for lack of infrastructure investment on the American public, contending that few of us are interested in paying for needed repairs even though we want better roads and bridges. To get past this, Jones suggests that Congress and the president "treat the American people like adults and explain the need for bigger investment in the form of taxes and user fees."
The Texas Department of Transportation is building a tolled loop around Houston, and it recently awarded an $855 million contract to Grand Parkway Infrastructure to develop, design, construct and maintain a 44-mile segment of that road. Work could start in 2018 and be substantially complete in 2022.
Lanes will be added to three border crossing bridges in Texas to facilitate quicker truck crossings. McAllen keeps 80% of tolls paid by southbound drivers and will keep 100% of tolls paid by northbound drivers once tolling goes into effect in that direction.
Maryland is to begin a $105 million project to add lanes and install traffic management technology on Interstate 270 between Frederick and Bethesda. The state had considered reversible toll lanes, which it says would have alleviated congestion more efficiently, but it didn't have the funds.
TransCore has been awarded a contract to design, build and maintain a toll-collection system on the Dulles Toll Road in Virginia. The eight-lane, 14-mile road provides access to Interstate 495 from Dulles International Airport.
The Delaware River Joint Toll Bridge Commission will close the Lambertville-New Hope Bridge for less than a day next week so utility work can be done. Detours will direct traffic on both the New Jersey and Pennsylvania sides.
Elizabeth River Crossings operates the Midtown and Downtown tunnel in Virginia, and its parent company, Macquarie-Skanska, has donated $500,000 to provide tolling relief to low-income people who use the tunnels frequently. The discount had been 75 cents per toll, but the donation increases it to $1.
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