WASHINGTON—The World Bank on Monday approved nearly $200 million in additional and reprogrammed financing to bolster Ukraine’s support of vulnerable people as Russian forces continued the biggest attack on a European state since World War Two. The funding comes on top of $723 million approved last week and is part of a $3 billion package…
Pennsylvania Plan to Toll 9 Bridges Moves Forward
March 12, 2022
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Despite the $1.6 billion in federal funding for Pennsylvania bridges announced January by U.S. Transportation Secretary Pete Buttigieg, Pennsylvania says it needs more money to fix bridges. Democratic Gov. Tom Wolf is moving forward with his plan to toll nine bridges. The move has been challenged in Commonwealth Court by municipalities near proposed tolling locations,…
South Australian Treasurer Says Labor Promises Billions And Taxpayers Will Foot Bill
South Australian (SA) Treasurer Rob Lucas has called Labor’s policies in the lead-up to the March election a “reckless spending spree”, saying SA families and businesses would end up paying for it. According to Lucas, Labor Leader Peter Malinauskas has refused to disclose how he will pay for all the promises, which Lucas says have…
Northern Territory Government Pledges $12.8 Million to Lure International Travellers and Workers
Australia’s Northern Territory (NT ) Government will invest $12.8 million (US$9.1 million) into attracting international travellers and workers back to the NT after pandemic border closures and restrictions have led to critical skill shortages across the Territory. The incentives will capitalise on the Federal Government’s recent announcement that international borders will re-open to fully vaccinated travellers on…
Defence Department Failed to Spend $1.2B in Approved Funding Last Year Due to Delays
OTTAWA—New figures show the Department of National Defence failed to spend more than $1.2 billion of its allotted budget last year, the majority due to delays in the purchase of new equipment for Canada’s military. The figures recently tabled in the House of Commons come six years after the federal Liberals promised an end to…
Quebec Cuts Funding to English College in Favour of French Schools Ahead of Election
MONTREAL—Squeezed for space, Montreal’s Dawson College has for years been planning an expansion of its medical technology department that would include a clinic to serve the community and train its students. But after promising in 2020 to fast-track $100 million for the downtown school, the Quebec government suddenly reversed course last week, saying the money…
Australian Government Pledges $19 Million to Support South Australian Domestic Violence Victims
The Federal Government is increasing support for South Australian women and children experiencing domestic violence (DV) through a $19 million (US$13.54 million) funding boost. According to a media release on Wednesday, the new funding will support the continuation of some existing programs, while the South Australian (SA) Government and DV sector will work together to…
Australian Government Commits $5.5 million to Regional and Remote Performing Arts Tours
The Federal Government is offering $5.5 million (approx. US$3.95 million) in support of leading arts tours, including music, dance, theatre, and circus, as part of the Australia Council’s Playing Australia touring program. In a media release on Tuesday, Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP, said the funding would…
US Allocates $14 Billion to Expand Ports, Shore Up Waterways
January 20, 2022
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WASHINGTON—The Biden administration on Wednesday said it will fund $14 billion in projects to improve the country’s ports and waterways in an effort to increase climate resilience, improve drinking water sources, and bolster the U.S. supply chain. The funds, for fiscal year 2022, target more than 500 projects in 52 states and territories, including Florida’s…
Cybersecurity Firm 1Password Closes $620 Million Funding Round as Capital Flows Into Sector
Toronto-based 1Password has closed a $620-million Series C funding round that brings the cybersecurity firm’s valuation to $6.8 billion. The new round was led by ICONIQ Growth, with participation from others including Tiger Global, Lightspeed Venture Partners, and Backbone Angels. Accel, which led the company’s Series A and B, also invested in the round. Additionally, there…
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