USDOT Spent Record $114 Billion in FY 2022
October 28, 2022 – The final Monthly Treasury Statement for fiscal year 2022 revealed that the U.S. Department of Transportation spent a net $113.7 billion in fiscal year 2022, an all-time high.
Shining More Lights on a Multi-Billion Dollar Problem: High Costs for Transit Construction
October 28, 2022 – Eno and the NYU Marron Institute have been trying to answer similar questions. Marron Institute has been assessing “Why do transit-infrastructure projects in New York cost 20 times more on a per kilometer basis than in Seoul?” while Eno has been asking: “Why does the U.S. pay more than a 50 percent premium to build at-grade and tunneled rail projects?”
Higher Interest Rates Could Keep Highway Trust Fund Afloat Another Year After IIJA Expires
October 28, 2022 – When the Federal Reserve increases interest rates to fight inflation, the Treasury Department has to pass those higher rates on to the balances held by federal trust fund accounts like the Highway Trust Fund. And if any of those trust funds have artificially high balances, that interest can add up quickly.
Aviation Taxes Rebounded in FY22, but Still Haven’t Fully Recovered
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FY23 Highway Funding: Allocated Set-Aside Reaches All-Time High; 33 States Face Vulnerable Road User Penalty
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Increasing Historically Disadvantaged Participation in Infrastructure Contracting
October 21, 2022 – The bi-partisan Infrastructure Investment and Jobs Act (IIJA) is lauded for delivering necessary funding to a range of projects. Specific projects, programs, and priorities have been highlighted that demonstrate the need to upgrade, modernize, and maintain our nation’s infrastructure. Through that spending, the law also has the ability to support historically underserved communities and businesses.
U.S. Gasoline Use Hit All-Time High in FY 2022
October 20, 2022 – The volume of motor gasoline in the United States hit an all-time high in the just-completed fiscal year 2022, with oil companies producing and distributing about 6.8 billion gallons more than they did in the previous peak year of fiscal 2018.
Eno Attends White House Summit on Accelerating Infrastructure
October 14, 2022 – Eno’s longstanding effort to reduce transit project costs and timelines matched well with Thursday’s White House Summit on Accelerating Infrastructure and the release of their Action Plan to Accelerate Infrastructure.
DOT Has Issued NOFOs for Almost 2/3rds of FY22 IIJA Competitive Funding
October 14, 2022 – As of the close of this week, the U.S. Department of Transportation has made available almost two-thirds of the estimated $24.9 billion in competitive grant funding provided by the bipartisan infrastructure law for 2022 available for grant applications.
A Fistful of Data: FTA Updates Transit Database Reporting Requirements
October 14, 2022 – Hear ye, hear ye! As a direct result of passing the IIJA, the Federal Transit Administration (FTA) is changing its data reporting practices.