Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Explained: How capital gains tax works on stocks, mutual funds, property and gold
    • Sundaram Mutual Fund aims to raise Rs 350 cr in maiden SIF offering
    • ‘Mutual Funds Sahi Hai, But Asset Allocation Zaruri Hai’: Why NS Venkatesh Wants Investors To Bet On InvITs
    • Is MassMutual Select Small Cap Growth Equity I (MSGZX) a Strong Mutual Fund Pick Right Now?
    • 3 Mid-Cap Blend Mutual Funds for Outstanding Returns
    • Nuvama AMC gets SEBI approval to launch specialised investment fund
    • Emergency fund vs investment: What comes first
    • PSP Investments and Nuveen Real Estate Launch Joint Venture with US$790 Million in Open-Air Shopping Center Investments Acquired Across the U.S. to Date
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Local Planning Initiatives Awarded $9.5 Million In Federal Funds
    Funds

    Local Planning Initiatives Awarded $9.5 Million In Federal Funds

    August 18, 2024


    Springfield, IL-(Effingham Radio)- The Illinois Department of Transportation announced recently that nearly $9.5 million is being invested via 20 grants for local initiatives and activities to support their planning efforts and develop innovative and much-needed transportation improvements across the state.

    “We at IDOT are thrilled to join with these communities to help them forge a more robust, inclusive and safe transportation system for the future,” said Illinois Transportation Secretary Omer Osman. “At IDOT, under the leadership of Gov. JB Pritzker, planning is at the core of everything we do. These grants will further those efforts with our local partners and support areas of Illinois where help is needed the most and can do the most good.”

    Administered by IDOT using $7.5 million in federal funds, with matching funds of $1.25 million from the state and $741,000 from local governments, the grants are designed to advance the objectives of the agency’s Illinois Long-Range Transportation Plan. Among the criteria considered were projects that implement asset-management strategies and performance-based planning and programming, as well as activities that grow and support economically distressed areas.

    Applicants included local and state agencies, universities, metropolitan planning organizations and regional planning commissions. Nonprofit entities with public sponsors also were eligible to apply.

    Selected projects include:

    • Springfield-Sangamon County Regional Planning Commission, West Loop/South Growth Area Study Updates for Springfield and Sangamon County will allow the commission to develop data to modify their respective arterial road network plans for the appropriate allocation of road improvement funds.
    • Reagan Mass Transit District, Use of Hydrogen Fuel and Hydrogen Fuel Cell Vehicles in Rural Public Transportation that will evaluate practicality of running hydrogen-fueled vehicles in the rural Dixon area.
    • Cook County Department of Transportation and Highways, Overcoming the Expressways – Permeability Study of Nonmotorized Travel Across Controlled Access Facilities in Suburban Cook County will evaluate new and modified grade-separated accessible crossings for pedestrians, bicyclists and transit passengers constrained by access-controlled roadways.

    For the full list of awards and breakdown of funding sources, visit the department’s planning page.

    Passed in 2019, Gov. Pritzker’s historic, bipartisan Rebuild Illinois is investing a total $33.2 billion into the state’s aging transportation system over six years, creating jobs and promoting economic growth. Rebuild Illinois is not only the largest capital program in state history, but also the first one that touches all modes of Illinois transportation: roads and bridges, transit, waterways, freight and passenger rail, aviation, and bicycle and pedestrian accommodations, while making transformational investments in both local and state infrastructure.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Why are condominium repair reserve funds insufficient? Reading the ‘invisible gap’ with the MLIT guidelines through data

    October 21, 2026

    Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade, Goldman Says

    October 20, 2026

    Multi-cap vs multi-asset allocation mutual funds returns race: Key differences, 1, 3 and 5-year returns compared here

    October 18, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Explained: How capital gains tax works on stocks, mutual funds, property and gold

    October 21, 2026

    PSP Investments and Nuveen Real Estate Launch Joint Venture with US$790 Million in Open-Air Shopping Center Investments Acquired Across the U.S. to Date

    October 21, 2026

    Best Low-Risk ETFs to Replace CDs

    October 21, 2026

    Sundaram Mutual Fund aims to raise Rs 350 cr in maiden SIF offering

    October 21, 2026
    Don't Miss
    Mutual Funds

    Explained: How capital gains tax works on stocks, mutual funds, property and gold

    October 21, 2026

    In equity markets, holding duration dictates net returns. By Archit GuptaMost investors spend weeks deciding…

    Sundaram Mutual Fund aims to raise Rs 350 cr in maiden SIF offering

    October 21, 2026

    ‘Mutual Funds Sahi Hai, But Asset Allocation Zaruri Hai’: Why NS Venkatesh Wants Investors To Bet On InvITs

    October 21, 2026

    Is MassMutual Select Small Cap Growth Equity I (MSGZX) a Strong Mutual Fund Pick Right Now?

    October 21, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    SEC files lawsuit against Dusan Varga and Pannon Investment Advisors

    October 31, 2024

    How equity funds are positioned in a broader mutual fund investment journey

    May 1, 2026

    AI-Powered Mutual Funds Beat Traditional Funds

    February 3, 2026
    Our Picks

    Explained: How capital gains tax works on stocks, mutual funds, property and gold

    October 21, 2026

    Sundaram Mutual Fund aims to raise Rs 350 cr in maiden SIF offering

    October 21, 2026

    ‘Mutual Funds Sahi Hai, But Asset Allocation Zaruri Hai’: Why NS Venkatesh Wants Investors To Bet On InvITs

    October 21, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.