Miscellaneous

WASHINGTON – The 2006 U.S. transportation construction market was the most robust in more than 20 years with the value of work on highways, bridges, airports and transit systems up 15 percent over the last year, according to the American Road & Transportation Builders Association (ARTBA). Fueled by increased federal, state and local highway investments, a $2.3 billion congressional appropriation for repair work on highways damaged by Hurricane Katrina and greater investments in freight rail, the total value of construction performed on transportation projects is expected to hit a record $106 billion in 2006, up from $92 billion in 2005,

HARRISBURG, Pa. – Gov. Edward G. Rendell has announced the investment of $2.6 million in 14 rail-freight projects across Pennsylvania. The projects are geared to preserve essential rail freight service in some areas, while stimulating economic development by generating new service in others, Rendell said in a news release. The investments represent the second phase of the 2006 Rail Freight Assistance Program (RFAP). “Investments in rail freight help fuel our ongoing economic recovery,” said Rendell, who this year increased the RFAP program from $8.5 million to $10.5 million. “Rail is an increasingly popular means of moving goods, not only throughout

WILMERDING, Pa. – Wabtec Corp. has completed the acquisition of Becorit GmbH, a leading manufacturer of technology-based friction products for the European railway industry, for $52.2 million in cash. Last week, Wabtec announced that it had signed a definitive agreement to acquire the company from U.K.-based BBA Aviation plc. Wabtec expects the acquisition to be accretive immediately. Based in Germany, Becorit has annual sales of about $30 million. Becorit manufactures a variety of brake shoes, pads and friction linings for passenger transit cars, freight cars and locomotives, including high-speed applications. The company also makes friction products for industrial markets such

LIGONIER, Pa. – Idlewild Park and the Ligonier Valley Rail Road Association are working together to preserve the historic Darlington Station. “We plan to restore the building to its 1930s grandeur and re-open it as a museum and resource center focused on the Ligonier Valley Rail Road and related industry,” said Bill McCullough, President and co-founder of the LVRRA. Idlewild Park and Soak Zone, and Kennywood Entertainment, have agreed to sub-divide and grant the property to the LVRRA and the lead grant awarded by the Richard King Mellon Foundation will allow the Association to restore the exterior of the building

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