New Jersey sues Trump administration over suspended electric vehicle infrastructure funding
New Jersey Attorney General Matthew J. Platkin filed suit Tuesday against the Trump administration, challenging its decision to indefinitely halt the disbursement of federally approved funding for electric vehicle infrastructure. Platkin joined…
White House says $110 billion in infrastructure funds released in first 6 months
By David Shepardson WASHINGTON – The White House on Monday said it has released $110 billion in funding from the $1 trillion infrastructure package that seeks to fix crumbling roads, expand broadband…
Facebook parent Meta partners with AMD for mobile infrastructure program
(Reuters) – Facebook parent, Meta Platforms Inc, and chip maker AMD on Wednesday said they were partnering for a mobile internet infrastructure program that would bring base station costs down to make…
JPMorgan names global co-heads of market infrastructure – memo
By Pamela Barbaglia LONDON – JPMorgan has elevated two senior bankers in its financial institutions group (FIG) to global co-heads of market infrastructure as it seeks to bolster its sprawling financial services…
Yellen urges development banks to mobilize private capital for G7 infrastructure push
By Andrea Shalal WASHINGTON – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of a concerted…
China will step up infrastructure construction to boost growth – President Xi
BEIJING – China will step up infrastructure construction to boost domestic demand and drive economic growth going forward, state TV reported on Tuesday, citing a top economics meeting chaired by President Xi…
Missile strikes infrastructure of Ukraine’s Odesa, city council says
(Reuters) – A missile struck infrastructure in the Ukrainian port city of Odesa on Saturday, the local authorities said in an online statement without giving further details. “Odesa was hit by a…
U.S. Agriculture Dept to invest $420 million in rural water infrastructure
By Leah Douglas (Reuters) – The U.S. Department of Agriculture will put $420 million of funds from the Bipartisan Infrastructure Law towards rehabilitating dams, preventing floods, and restoring watersheds in 31 states,…
BlackRock on hunt for Gulf infrastructure deals
By Saeed Azhar DUBAI – BlackRock Inc, the world’s biggest money manager, is seeking more infrastructure deals in Saudi Arabia and the Gulf region and is also looking to invest in private…
Four Russian Government Employees Charged in Two Historical Hacking Campaigns Targeting Critical Infrastructure Worldwide
WASHINGTON – The Department of Justice unsealed two indictments today charging four defendants, all Russian nationals who worked for the Russian government, with attempting, supporting and…
U.S. to offer funds of $2.9 billion for major infrastructure projects
By David Shepardson WASHINGTON – The White House will announce on Wednesday a funding opportunity of $2.9 billion earmarked by the Transportation Department for major infrastructure projects this year, as part of…
Apollo Infrastructure fund buys 49% stake in Spain’s Primafrio
By Andres Gonzalez and Isla Binnie MADRID – Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake in Spanish road freight operator Primafrio, the…
Ukraine’s energy infrastructure has not been damaged, Naftogas says
MOSCOW – Ukrainian energy firm Naftogas said on Thursday that the country’s energy infrastructure has not been the subject of systemic shelling and the “situation is under control” following Russia’s attack on…
Biden team seeks port revival plans as it spends infrastructure cash
WASHINGTON – The Biden administration is looking for projects to revamp U.S. ports as it ramps up spending from the $1 trillion infrastructure bill. President Joe Biden, facing political pressure as Americans…
Brazil sees private infrastructure capex nearly doubling in 2022
BRASILIA – Brazil’s government sees private investments of 78 billion reais ($15 billion) in infrastructure this year, up 95% from 2021, the economy ministry forecast, supporting its expectations that economic growth will…
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News
– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund and may…
‘Nobody is ready:’ Many U.S. cities lack resources to chase $1 trln infrastructure windfall
By Andy Sullivan – Erie, Pennsylvania could use a facelift. The lakefront city of 100,000 has been adding jobs and businesses downtown, but it remains saddled with vestiges of its industrial past:…
Chinese funding of sub-Saharan African infrastructure dwarfs that of West, says think tank
By Andrea Shalal WASHINGTON – China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks…
NextEnergy Capital raises record $896 million for solar infrastructure fund
By Simon Jessop LONDON – NextEnergy Capital said on Monday it had raised a record $896 million for its NextPower III ESG fund, focused on solar infrastructure investments in OECD countries –…
U.S. government opens $1.5 billion infrastructure grant program
By David Shepardson WASHINGTON – The U.S. Transportation Department on Friday said it was opening a $1.5 billion grant program for a wide range of infrastructure projects. In November, the department awarded…
Analysis-Debt fears overshadow China’s infrastructure push to fight economic slowdown
By Kevin Yao BEIJING – China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper the renewed…
Lawmakers Scramble To Fix ‘Devastating’ Tax Reporting Provisions In Infrastructure Bill
Lawmakers are working to fix cryptocurrency tax reporting requirements included in the bipartisan infrastructure bill. The Infrastructure Investment And Jobs Act signed into law by President Joe Biden on Monday contains several digital…
POLL: Almost Half Of Americans Say Biden Has Accomplished ‘Little Or Nothing, Despite Infrastructure Bill
Almost half of Americans believe President Joe Biden hasn’t accomplished very much, if anything at all, during his presidency, according to a WaPo-ABC News poll released Sunday. Of the 1,001 adults polled,…
Trump calls for primary of Chris Smith, pardons Jeff Van Drew over infrastructure vote
FREEHOLD, NJ – Two New Jersey Republican congressmen, Chris Smith and Jeff Van Drew both voted in favor of Joe Biden and the Democrat party’s trillion-dollar infrastructure bill. Republicans in New Jersey…
New Jersey Republicans Chris Smith, Van Drew vote yes, help Biden, Pelosi pass $1.2 trillion infrastructure bill
FREEHOLD, NJ – Speaker of the House Nancy Pelosi and President Joe Biden were about to have an incredibly terrible day on Friday after the President’s latest incarnation of his Build Back…
Democrats’ Plan To Pass $1.75T Spending Package Collapses Amid Intraparty Disagreements
House Democrats’ plan Friday to pass both the bipartisan infrastructure package and President Joe Biden’s social-safety net bill collapsed after a handful of moderates refused to vote on the $1.75 trillion budget…
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