The loss of an estimated $15 billion tied to congestion pricing leaves a large hole in the MTA’s capital budget.

After rejecting three acquisition offers from Dubai-based AE consolidator Sidara, formerly Dar Group, energy-industrial services firm agrees to talks related to latest sweetened bid.

Transit projects ranging from a $7.7-billion subway line extension to station accessibility improvements are on hold with the pause of program which was expected to generate $15 billion.

New York Gov. Kathy Hochul said she was indefinitely pausing implementation of congestion pricing tolls for Manhattan because of the potential for “unintended consequences.”

Activist investor Carl Icahn holds a substantial investment in the large constructor ranked at No. 9 on ENR's Top 600 Specialty Contractors list.

The largest grant, $61.8 million, will go to Detroit Metropolitan Wayne County Airport in Michigan.

Projects coming online as soon as 2025 can qualify for credits, including some using traditional fossil fuels, with additional amounts added for factors including prevailing wages, apprenticeship, domestic content, and energy community location.

Developer-contractor exits U.S. markets after 45 years to refocus operations in home country. 

New York's MTA receives the largest grant, at $157 million, for upgrades to the New York City subway system.

Latest acquisition offer from Sidara, formerly Dar Group, was its third in recent weeks but still "significantly undervalued" the energy specialist, it said.