Posts Tagged 'Transportation'

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Surety Industry Advocates for Inclusion of Bonds on Federal and State P3s

Even though procurement methods have evolved—including the use of P3s—construction remains a risky business, making the protections that surety bonds provide for taxpayers’ investments and the payment guarantees for subcontractors and suppliers just as relevant and important in P3s. 

The Need Is Obvious; The Political Will Is Not

P3s are the only conceivable financial solution to America’s infrastructure deficits.  

A Heavy Lift

Strategic planning is the name of the game for port authorities. Across the United States, long-range investments are earmarked for new or expanded terminals, berths, piers, storage buildings and cranes; plus dredging, facility rehabilitations, security upgrades, and related transit infrastructure and warehouses. 

Expect Nearly 400,000 Highway Construction Job Openings by 2022

An estimated 388,904 highway construction and maintenance job openings—the majority of which will require semi-skilled or highly skilled workers—will be created between 2012 and 2022, according to a report released by the U.S. Transportation, Labor and Education departments.

Top Construction Priorities: Infrastructure and Technology

Eighty-three percent of North American AEC executives ranked rebuilding aging infrastructure as the industry’s top priority, according to ARC Document Solutions’ 2015 Construction Trends Survey. About half of respondents also ranked building clean power plants and expanding projects that secure fresh water as major concerns, followed by expanding cities’ rail transit (28 percent) and building high-speed regional rail (21 percent). 

Upgrading America's Airports

This summer marks the beginning of what should be a busy few years for aviation contractors in Houston. The procurement process is under way for George Bush Intercontinental Airport’s international terminal renovation program, valued at $1.4 billion, with preconstruction services scheduled in parallel with architecture and engineering work. The activity in Houston reflects consensus that increasing air traffic and airline revenues are supporting capital spending, particularly at major hubs.

States Only Used 6 Percent of 2013 Federal-Aid Funding for Roads, Bridges

According to a detailed breakdown of 2013 federal highway funding obligations by the Government Accountability Office, states used just less than 6 percent of the $41 billion contract authority received on construction projects to build new roads or bridges.

FRA Reveals High-Speed Rail Plans for Northeast Corridor

The Federal Railroad Administration has revealed three ambitious programs that would result in major improvements to the 457-mile Northeast Corridor, the busiest commuter rail line in the country. If the programs go into effect, commuters would be able to travel between Washington, D.C., and Boston at 220 mph, and Long Island commuters would be able to travel via tunnel straight to Connecticut and points north rather than traveling through New York City.

U.S. Among Top 10 Global Markets for Infrastructure Investment

For the first time, the United States is one of the top 10 most attractive global markets for investment in infrastructure, rising three spots from its 2012 ranking, according to a report based on the ARCADIS Global Infrastructure Investment Index.

Fixing the Highway Trust Fund: Hurry Up and Wait, Then Repeat

The outlook for a long-term extension of the HTF does not provide transportation advocates with any confidence or reason for optimism. If Republicans take back the Senate in November, they may wait until the new Congress is in place to begin crafting a long-term strategy.

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