24 infrastructure projects across 18 states have been selected by the U.S. Department of Transportation for a total of $905 million in the new round of the Rebuilding America (aka INFRA) grant program. A total of 157 applications came in from 42 states, representing a total of $6.8 billion in requests! What’s next for the lucky winners?
Big INFRA Grant Winner: Wenatchee, Washington
The largest proposed new INFR grant is $92.4 million for a cluster of road improvements in the city of Wenatchee, Washington. How soon could building begin? As ENR explains:
INFRA grants provide only a portion of a project’s total cost. States, cities and other recipients supplement the grants with their own funds or other financial resources….The grants are DOT’s proposed awards. Under the Fixing America’s Surface Transportation Act, which created the program, Congress has 60 days to review the selections. After that period, if Congress does not object to the department’s proposals, DOT can start to obligate the funds.
Wherever you run your business, chances are there’s an infrastructure project poised to take off soon too. Remember, Colonial Surety is here to help you win. We’ve taken the pain out of the old fashioned bonding process, making it easier—and more confidential than ever—for contractors to obtain, manage and monitor needed bid, performance and payment bonds. Contractors who complete a brief (we promise!) pre-qualification for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores.
Pre-qualify and Receive Free Scores Here!
Once approved for The Partnership Account® with Colonial, you’ll:
- Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.
- Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.
- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
- Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?
Get going today: The Partnership Account®
More Winners?
Pending Congress’ 60 day review of the proposed INFRA grant roster, many of the winners will be set to begin interstate highway upgrades, improve critical roadways and repair bridges. ENR sums up some of the largest efforts poised for funds:
Interstate highway upgrades were among the winning projects. They include $86 million for improvements to Interstate-80 in Yolo County, Calif.; $70 million to the Indiana DOT for interchange reconstruction and expansion of I-465 and I-69 northeast of Indianapolis.
Also on the list of proposed grants are $61.6 million to the South Dakota DOT for rebuilding a stretch of I-90 and $60 million to the Texas DOT for improvements to a section of I-35.
The city of Seattle was selected for $11.3 million to repair the West Seattle High-Rise Bridge—closed last year because of structural problems—and the Spokane Street Swing Bridge adjacent to it. Work is to include replacing damaged bridge decks, expansion joints and sections of barriers….
While important, the INFR grants aren’t the only game in town of course! Texas is set to move ahead on a $16 billion rail agreement and cities across the country are investing in waterfront parks. Funding partnerships are resulting in many exciting new efforts. Many aim for green–and speedy–transit. Billions are going to modernize airports and ports are getting long needed attention too. What about you? Standing still? Let’s get you moving with The Partnership Account® from Colonial Surety Company. Then, you can go after lots more new projects with speed and confidence — knowing your bidding and financial information is secure.
Get Moving with The Partnership Account®
Colonial is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!