DEPARTMENT OF TRANSPORTATION NEW YORK: $24.7M Department of Transportation Grant
Summary
This is a $24.7M formula grant from the Federal Highway Administration to the New York Department of Transportation for bridge replacement on NY 135 over I-495. Since the recipient is a state government entity, no publicly traded company is directly awarded this contract, and no public tickers are mapped.
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Key Takeaways
- 1.The contract is a formula grant to a state government, not a public company.
- 2.Infrastructure spending remains steady but does not directly benefit a specific ticker.
- 3.No public companies are mapped due to the recipient being a government entity.
Market Implications
This contract has no direct market implications for publicly traded companies as the recipient is a state government. The broader infrastructure sector may see indirect benefits from sustained federal spending, but no specific tickers are impacted.
Full Analysis
The contract award is a formula grant to the New York Department of Transportation for replacing two bridges on NY 135 over I-495 in Nassau County. The $24.7M funding comes from the Federal Highway Administration and spans from 2026 to 2036. As a state government entity, the recipient is not publicly traded, and the contract does not directly benefit any specific public company. However, the infrastructure spending signals continued federal investment in transportation, which broadly supports construction and engineering firms. Related bill signals include HR10026 (Honoring Circuit Judge Pauline Newman Act) and S5317 (INSPIRES Act), both with neutral impact on infrastructure sectors, but these are not directly tied to this specific grant. No public company tickers are identified due to the private nature of the recipient.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
EXECUTIVE OFFICE OF THE COMMONWEALTH OF KENTUCKY: $28.3M Department of Transportation Grant
TRANSPORTATION, VERMONT AGENCY OF: $31.0M Department of Transportation Grant
THE STATE OF HAWAII DEPARTMENT OF TRANSPORTATION: $35.0M Department of Transportation Grant
DEPARTMENT OF TRANSPORTATION CALIFORNIA: $43.6M Department of Transportation Grant
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Contract Details
Recipient
DEPARTMENT OF TRANSPORTATION NEW YORK
Award Amount
$22,226,587
Awarding Agency
Department of Transportation
Sub-Agency
Federal Highway Administration
Contract Type
FORMULA GRANT (A)
Related Bills
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