Daily News Briefs, April 12, 2021

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The Scramble For American Jobs Plan Funding Intensifies

The New York Times reports, Congress is back in session this week, and the race is on for federal infrastructure dollars. Lawmakers “have begun a frenzy of lobbying to ensure that their pet projects and policy priorities are included in President Biden’s $2 trillion infrastructure and jobs plan, eager to shape what could be one of the most substantial public works investments in a generation.” Today, the president “is set to meet at the White House with eight Republicans and Democrats to discuss the plan, part of a push to forge a bipartisan compromise that may ultimately prove futile given G.O.P. resistance to the scope of the package.”

The Washington Post also covers this story.

The Boston Globe looks at how Massachusetts might benefit from President Biden’s infrastructure spending plan.

American Jobs Plan Infrastructure Investment Trends US Department of Transportation (USDOT) US Gov't Transportation Funding

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FDOT Suspension Of Garcon Bridge Tolling Enters Its Eighth Month

Pensacola News Journal reports, on Friday, Florida DOT Secretary Kevin Thibault directed Florida’s Turnpike Enterprise to extend the toll suspension in effect for the Garcon Point Bridge through May 9, 2021. Governor Ron DeSantis (R) first halted collection of the five-dollar toll during September’s Hurricane Sally, but a continuous series of extensions has been ordered because of storm damage to the nearby Pensacola Bay Bridge. FDOT recently announced that the several-times-delayed reopening of the damaged bridge is now scheduled for Memorial Day weekend.

Florida Florida Department of Transportation (FDOT) Florida's Turnpike Enterprise (FTE) Highway and Bridge Maintenance Santa Rosa Bay Bridge Authority

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Rating Agency ICRA Expects India Toll Road T&R Rebound

Indo-Asian News Service (via CNBC TV18) reports, “India’s toll roads are likely to witness a 14-15 percent growth in collections in FY22, ratings agency ICRA said in a report,” which acknowledges that the growth will occur on top of “an estimated de-growth of 5-7 percent in FY21.” According to ICRA, “Road traffic has witnessed a marked improvement in H2 FY2021 after subdued traffic witnessed in the initial months, post resumption of tolling from April 20, 2020. This has been driven by increased movement of both passenger and commercial vehicles, resulting in growth of around 10 percent on a YoY basis.”

India Investment Ratings

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These are just some of the toll industry developments TRN is following.

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