Sentences with phrase «than the capital projects»

NEW YORK (Reuters)- Half of the money spent so far from New York state's $ 10 billion in legal settlement windfall has gone to support the state budget rather than the capital projects for which it should be used, the state's chief fiscal watchdog said on Friday.

Half of the money spent so far from New York state's $ 10 billion in legal settlement windfall has gone to support the state budget rather than the capital projects for which it should be used, state Comptroller Tom DiNapoli said.

Not exact matches

Kalgoorlie - based MacPhersons Resources says its Nimbus - Boorara project near Kalgoorlie will have lower capital and operating costs than previously estimated, according to early findings in the feasibility study on the project.

Capital spending on major mining, energy and infrastructure projects in Australia is set to drop more than 60 per cent over the next three years, according to analysis by ANZ Banking Group.

In the case of the CIB, he says the type and size of projects it finances will be more telling than its start - up capital pool.

The company says that its proposed plant will have lower capital and operational costs than more conventional brine based projects which will contribute to its predicted 51 % ROI.

While women typically face gender - discrimination or bias in traditional sources of funding like venture capital or banking, crowdfunding «enables and empowers far more female decision - makers — as project backers and «micro-VCs» — than within traditional finance,» the report argues.

For a mine project like Suncor's Fort Hills, with about 25 per cent of construction already completed, the forward - looking decision would imply a return on the balance of capital invested of 12.5 per cent — now, the project returns overall might be lower than that, but when you're considering a decision to abandon a partially built mine, you're not likely to get much of a return on they money you've already invested in it if you don't continue building.

More than $ 1.1 billion in capital projects has been completed or is planned and underway in the past five years and the next five years, including new distilleries and aging warehouses to bottling facilities and tourism centers.

While the state of New York has invested more than $ 900 million of taxpayer funds to date into the project and its associated developments, SolarCity has spent just around $ 20 million in capital expenditures in Buffalo so far, according to multiple sources.

According to the Ministry, the Project's capital costs are estimated at $ 3.5 billion with a benefit - cost ratio of 2.1:1, more than twice the Project's costs.

The investment team of New Energy Capital has a total of more than 100 years of experience in founding and managing renewable energy companies, evaluating energy markets and projects, or consulting in the energy marketplace.

One in six institutional investors, in another survey, projected gains of more than 20 % annually on their investments in venture capital — even though such funds, on average, have underperformed the stock market for much of the 2000s.

Certain matters discussed in this press release are forward ‐ looking statements, including that Everstream Energy Capital Partners, North Sky Capital and New Energy Capital are planning to invest more than $ 67 million in a fund to support utility ‐ scale projects in Central and Southern California developed by SunEdison; that the projects will generate over 320,000 MWh of electricity annually, and create hundreds of jobs or up to 250,000 hours for California electrical and construction union workers.

The anticipated direct capital cost of the project, including the purchase of equipment, materials, construction, and services installation is more than $ 200 million.

Hoffmeyer suggests there are many use cases for blockchain in treasury functions and capital structures, where companies can move secure tokens instead of using real funds.IBM, now the world's biggest employer of blockchain engineers, says more than 400 of its customers — including blue - chip names Walmart, Nestlé, Kroger, JD.com, Unilever, Maersk, DuPont and Dow Chemical — are currently running blockchain - based projects.

Coworkly, a side project that's currently dominating the majority of Arar's time, arose from a desire to fill a gap he's seen in Ottawa for many years now — namely, a community of startups that focus on venture capital and raising money rather than returning to the basics of bootstrapping and profitability.

Last year, the capital improvement budget totaled more than $ 10 million on such projects as construction of an aquatic park, expansion of a health club and gymnasium and renovations at Camera Park, the village's largest park.

The city recently refinanced its bond debt to take advantage of low interest rates and intends to continue to pursue low rates to finance a longer - than - usual list of capital projects for the next few years, said Ald.

The value of the net revenues — the forecast is for fares of # 14bn less operating costs of # 6bn over a 60 - year project life — will only cover less than half of capital costs.

Incredibly, the governor's 2016 Executive Budget Capital Financial plan forecasts that the state's outstanding debt in 2019 will be $ 517 million higher than was projected less than a year ago in the 2015 enacted budget capital plan, before the windfall materiCapital Financial plan forecasts that the state's outstanding debt in 2019 will be $ 517 million higher than was projected less than a year ago in the 2015 enacted budget capital plan, before the windfall matericapital plan, before the windfall materialized.

Besides assisting communities affected by state facility closures, these funds will be used to provide more than $ 130 million for competitively determined economic development projects put forward by the Regional Councils, $ 100 million for the Metropolitan Transportation Authority's capital program and $ 10 million towards the State's existing commitment for the New York City Empowerment Zone.

The St. Barnabas Wellness Care and Affordable Housing project, which will be developed by L+M Development Partners and Hornig Capital Partners, will create 314 affordable homes for low - income residents and incorporate more than 50,000 square feet of health and wellness space that includes a fitness area, an ambulatory care center, a pharmacy, and a teaching kitchen with produce grown on a rooftop farm; and offer comprehensive programs on smoking prevention, fitness, nutrition, stress reduction and life skills.

The project, which for a time employed more than 350 people, was awarded $ 12.5 million in «JOBS Now» capital funding from the state Empire State Development Corp. in 2013.

This proposed budget must be submitted no later than September 1, and is composed of two parts: 1) Capital Budget, which includes equipment purchases and projects, and 2) Operating Budget, which includes the proposed funding to operate the department for the next year.

New York Governor Andrew Cuomo Monday announced more than $ 35 million in grants for capital projects at higher education institutions across the state.

A debate over a massive education, labor and ethics bill lasted for more than six hours in the chamber on Tuesday and Assembly Republicans called a conference on a capital projects spending bill at 10 minutes to midnight.

Borough President Diaz has provided more than $ 126 million in capital funding to 362 total projects.

It would be the biggest capital project at the fair in more than a century, he said.

Council Member King, who reviewed his 12 - Point Plan for the 12TH Council District with more than 700 Bronx residents, friends and special guests in attendance, discussed upcoming and future projects, which include affording housing for working families through a partnership with Habitat for Humanity, the renovation of Agnes Haywood Park, capital funding to schools in the 12th Council District, expense funding to community - based organizations, funding for NYCHA developments and youth programs as well as DOT and DSNY needs in the 12th Council District.

Sears is running on the strength of her experience in the Council as a budget negotiator and has defended her vote to extend term limits by saying more than eight years is needed to complete long - term capital projects.

Thus, if the state spends more on capital projects than we can raise through bond sales, we would need to cover those project costs with the state's operating cash from its cash pool.»

For example, Leggett said, if the town knows it will have to replace a roof in 10 years, it can't put aside $ 20,000 per year in a capital reserve fund to pay for the project, and the town is forced to bond rather than pay - as - you - go.

«I am proud to have provided so much of my capital funding to worthy park projects all over The Bronx during my tenure as borough president, including more than $ 1.1 million to help rehabilitate this wonderful playground.

While the plan has not been made public, several people who attended meetings with the DOT expect the agency to announce small, easy - to - implement changes like longer walk signals and larger pedestrian medians, rather than a major capital project like a pedestrian overpass.

That no vote, he says, is because the capital projects budget uses borrowed money rather than cash.

Few things impact the lives of New Yorkers more than the city's «capital projects.»

Borough President Diaz is also providing more than $ 10.6 million, or 30.8 percent of his entire capital budget, to 67 school projects across the borough.

In fact, next year we will be retiring more debt than we will be taking on with this capital projects proposal.»

Additionally, the Proposed Budget includes a $ 39 million 2013 Capital Budget (bonded component), which leverages an additional $ 19 million in State and Federal highway dollars for a total of $ 58.2 million for more than 60 projects (full list of projects included as a companion document).

As part of Poloncarz's plan, the County will be paying off more debt than it is adding in 2013 as it pays $ 40.6 million in principal and $ 17.6 million in interest from debt service associated with prior year capital projects.

A forensic audit also would be nice, although its potential usefulness has been questioned by some, the fact that so many MTA capital projects run double, triple, quadruple or more the original budget, and take many years longer than originally planned, shows a clear pattern of incompetence or outright graft.

We must prioritize finding more stable transit funding sources other than from the commuters» pockets to balance the budget, stave off future hikes and restore funding for much - needed capital projects.»

ASTORIA, QUEENS — A $ 1.9 billion capital project will add more than 18,000 new seats to Queens» notoriously overcrowded schools in the next two years, Borough President Melinda Katz said.

According to Privitera's interpretation, contracts may only be for services and do not cover capital projects that are funded from sources other than energy savings.

With the capital program now delayed longer than past plans, MTA Chairman Thomas Prendergast has fretted about the future of big - ticket projects like bringing Long Island Rail Road to Grand Central Terminal and replacing the 20 - year - old MetroCard system.

U.K. scientists had thought that their days of participation in large - scale projects were numbered when the current government, in its first spending review in 2010, slashed funds for capital spending in science projects by more than 50 %.

If just one - tenth of one - percent of these funds find their way into charter school development projects, that would mean $ 6 billion in new capital going towards charter construction — nearly three times the amount of investment that the NMTC program spurred over more than a decade.

«The Virtual Excursions project will be particularly useful for those in regional and rural Australia where research has found that for people in regional centres the relative cost of excursions ranges from 20 to 100 per cent higher than in capital cities.

The review also said that other processes for funding capital projects «diverted funds to those most adept at winning bids rather than necessarily to those in most need».