Fitch Ratings says airports, toll roads and ports in the US are likely to see healthy growth despite the challenges of interest-rate hikes. The transportation industry's "high ratings, along with high rate of fixed-rate debt, should limit the effects of potential interest-rate escalation," said Stacey Mawson of Fitch.
Democrats and President Donald Trump could negotiate a major infrastructure bill if the Democrats win control of the House, but tax cuts, increased debt or budget cuts would be necessary. Congress has been unable to negotiate such an infrastructure package in recent decades, and the president and Democrats have differed on how such a plan should be structured.
The city of Cortez, Colo., had an additional 326 solar panels installed on the roof of the City Hall, bringing the property's solar capacity up to 102 kilowatts. The investment makes the building fully solar-powered and could result in saving of up to $300,000 over 25 years.
Bentley has partnered with Microsoft to integrate its ProjectWise with Microsoft 365, which could help architecture, engineering and construction professionals "industrialize" building information modeling workflow. The integration will allow users to get a comprehensive view of the synergy between design, scheduling and financial data.
Nonprofit car-sharing company Hourcar's all-electric fleet in Minneapolis and St. Paul, Minn., partners with Xcel Energy, which provides charging stations. Hourcar offers vehicle pick-up service at any of 50 hubs with return to the same site.
In the latest round of funding led by Tiger Global Management, Belgian electric bike company Cowboy has raised $11.5 million to help sell its sleek, lighter models in France, Germany, the Netherlands and the UK. The expansion moves outside its Belgium footprint, where half the bikes sold are electric.
Miami's 10-mile Underline project aims to connect housing, offices and public transit while helping residents become more active. The linear park will emphasize movement and activity in its structure and its branding, planners say.
The $32.7 million 55,000-square-foot Eastside Community Center in Tacoma, Wash., opened Saturday. The facility includes an aquatic center, basketball court, cafe, a recording studio and exercise spaces.
Klyde Warren Park, a deck park in downtown Dallas, will be expanded by 1.2 acres to add a pavilion and visitor center featuring interactive technology. The project will cost $76 million with a completion target date of 2022.