Daily News Briefs, May 13, 2020

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AASHTO Applauds House Relief Bill, But Wants More Funding For Transportation

The Hill reports on US House Democrats’ introduction of a fourth COVID-19 epidemic relief bill that they’re calling the Health and Economic Recovery Omnibus Emergency Solutions (or “HEROES”) Act. The $3 trillion measure — which Senate Republicans quickly rejected —  reportedly “includes a grab bag of Democratic priorities and is intended to put pressure on Republicans to start negotiations on help for workers and local governments.”

AASHTO Journal reports that the bill includes “$15 billion in stopgap funds for state departments of transportation — well below the nearly $50 billion the American Association of State Highway and Transportation Officials projects state DOTs will need to continue operations in the face of drastic falloffs in motor fuel tax revenues, toll road receipts, and other funding sources.”

American Association of State Highway and Transportation Officials (AASHTO) Highway-Tunnel-Bridge Maintenance Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) US Gov't Transportation Funding


Brisa Divestment Brings Mello Family $1.3 Billion

Bloomberg looks at the Mello family’s successful divestment of toll road operator Brisa, a deal that yielded 1.2 billion euros (US$1.3 billion) for the clan. The article notes, “Their strategy of sticking together and getting the timing right on some key decisions looks like it has paid off once again, even in the midst of a global pandemic.”

Acquisitions and Mergers Brisa Portugal


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

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