Though it may be another year before the full effects of the Fixing America’s Surface Transportation (FAST) Act are felt nationwide, the $305-billion funding measure enacted in December 2015 already has provided many of the sector’s contractors with something they have not experienced in quite a while: a sense of stability.
As the general building market continues to show strength, several top contractors have boosted their revenues, thanks in part to an increase in megaprojects.
The fatal collapse of an underground parking lot in a Tel Aviv commercial district just weeks before construction was due to be completed has not only focused attention on the lack of safety and inspection in Israel’s construction industry but also raised question over potential engineering issues.
Efforts are under way to repatriate, and hopefully repay, thousands of workers left stranded as Saudi firms reel in the country's oil price-battered economy.
Susan M. Baer, 65, an aviation-sector pioneer who was the first person to manage all three major New York City-area airports and the first woman aviation director at the Port
Authority of New York & New Jersey, died on Aug. 9 in Upper Montclair, N.J.