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This $111M federal formula grant to the Arizona Department of Transportation funds improvements to the SR 101 and I-10 interchange in Avondale, supporting infrastructure modernization under the Federal Highway Administration.
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The grant contributes to the positive momentum in the infrastructure sector, driven by federal funding. While no direct public company is named, the award may benefit companies in construction, engineering, and materials through subcontracts. However, the impact is diffuse and not attributable to a single ticker.
The contract is a formula grant awarded by the Federal Highway Administration to the Arizona Department of Transportation for the SR 101 and I-10 system interchange improvements. The $111M award is part of the federal infrastructure investment aimed at enhancing highway capacity and safety. As a grant to a state agency, it does not directly involve a publicly traded company. However, such funding typically flows to construction and engineering firms through subcontracts, though no specific beneficiaries are identified in this award. The contract period starts in September 2026, indicating future spending. This award aligns with broader federal infrastructure initiatives, including the Infrastructure Investment and Jobs Act, which authorizes significant funding for highway projects. While no direct public company is mapped, the award contributes to the positive outlook for the infrastructure sector, particularly for companies involved in highway construction and materials supply.
Matched on shared policy language across AI analyses, with ticker & timing weight
STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION: $29.7M Department of Transportation Grant
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WISCONSIN DEPARTMENT OF TRANSPORTATION: $21.5M Department of Transportation Grant
TRANSPORTATION NORTH CAROLINA DEPARTMENT: $73.6M Department of Transportation Grant
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Recipient
DEPARTMENT OF TRANSPORTATION ARIZONA
Award Amount
$110,658,268
Awarding Agency
Department of Transportation
Sub-Agency
Federal Highway Administration
Contract Type
FORMULA GRANT (A)
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