Wilbur Ross, a billionaire investor expected to be nominated as the next secretary of the Commerce Department, says the United States could spur $1 trillion in infrastructure spending by giving out about $137 billion in tax credits to private investors. “According to a report from the Congressional Budget Office, in the last 25 years, there […]
Connecticut Water Service Inc. says it will spend more than $55 million in the coming year on upgrades to its water systems at home and in Maine. Eric W. Thornburg, the Clinton-based water utility’s CEO, said Friday its board of directors approved a $55.4 million capital-spending plan for 2017. Of that sum, $46.7 million is […]
Shortly before the presidential election, then-candidate Donald Trump’s team of advisors released a 10-year, $1 trillion infrastructure plan that envisions the private sector pumping billions of dollars of equity into much-needed, user- or fee-based projects like toll roads, utilities or airports in exchange for being able to collect the revenue long-term, all with an 82% […]
The Navy has committed $5.4 million for design and planning work to replace Pier 32, one of 11 operational piers at the Naval Submarine Base, which is home to 15 nuclear attack submarines. The plan is to demolish Pier 32 and construct a wider, longer pier in its place. The project is expected to include […]
