Directroute (Limerick) operates the Limerick tunnel in Ireland, and it recorded an operating profit of $9.62 million in 2017. Toll income increased to $16.87 million, and traffic guarantee payments are made when daily traffic does not exceed 23,000.
A trucker strike in May caused a 58% decrease in second-quarter profits for Brazilian toll road operator CCR SA. Net income was $71.91 million.
The West Virginia Parkways Authority completed the sale of $172 million in bonds Tuesday. The money was transferred to the West Virginia Division of Highways for road construction projects in the state, and an increase in tolls will pay for the bonds.
Fitch Ratings has changed the senior bond rating for the Miami-Dade County Expressway Authority from "stable" to "negative." The potential of "[a]n unclear long-term toll policy and/or continued legislation requiring toll rate reductions" was cited as one of the reasons for the change.
The Florida Department of Transportation is seeking $780,000 in damages from Conduent State and Local Solutions over problems with the SunPass toll collection system. The system has not functioned properly since it was upgraded, and customers are reporting inaccurate charges.
The Department of Housing and Urban Development is seeking public comment on its proposed changes the Obama-era fair housing rule, which sought to increase lower-income housing in affluent areas. By decreasing regulations, HUD hopes to develop more affordable options.
Recent tariffs on steel, lumber and aluminum are escalating construction costs, which have already been steadily increasing for 19 months. Contractors are increasing their fees, but rising material costs could lead to lower profit margins, says Associated General Contractors of America Chief Economist Ken Simonson.
West Virginia has gone from being ranked lower than 49 states and Washington, D.C., in construction employment to leading the nation in construction employment, according to Mike Clowser, executive director of the Contractors Association of West Virginia. Clowser attributes the turnaround to increased activity in the coal, oil, gas and construction industries resulting from Gov. Jim Justice's $2.8 billion "Roads to Prosperity" campaign.
The cost per kilowatt of solar power dropped from $3,700 in 2013 to $2,500 in 2016, according to the US Energy Information Administration. This figure does not include further cost reductions from government incentives.