Posted on 11/2/2016 7:38 PM By Lenore Marema and Lawrence LeClair
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.
Posted on 11/2/2016 10:54 AM By Anirban Basu
P3s are the only conceivable financial solution to America’s infrastructure deficits.
Posted on 11/2/2016 9:34 AM By Joanna Masterson
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.
Posted on 10/27/2015 8:12 AM By Joanna Masterson
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.
Posted on 8/31/2015 8:41 AM By Joanna Masterson
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).
Posted on 6/25/2015 1:16 AM By Joanna Masterson
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.
Posted on 1/30/2015 6:21 AM By Lauren Pinch
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.
Posted on 1/8/2015 11:55 AM By Lauren Pinch
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.
Posted on 11/5/2014 8:56 AM By Joanna Masterson
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.
Posted on 9/30/2014 4:22 AM By Drew Schneider
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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