Finance - Articles - Page 31 | Engineering News-Record

2022 3Q Cost Report

Prices Still High for Heavy Machines, But Supplies May Improve

September 28, 2022

While it may be too soon to say for sure, there are some early indicators that the steep prices for machines in resale channels may be leveling off.

Companies

Tetra Tech Beats WSP Offer for RPS Group As Bidding War Looms

UK-based firm’s directors unanimously support new US buyer's 7.8% premium bid

Emell D. Adolphus

September 27, 2022

No Comments

An analyst sees acquisitive WSP making a counteroffer to bulk up its earth and environmental business line.

Federal Project Funding

EPA Awards $1.3B for Water Infrastructure Projects in 18 States

James Leggate

September 22, 2022

No Comments

Agency says it will distribute $44 billion over five years for drinking water and clean water infrastructure projects under the 2021 Infrastructure Investment and Jobs Act.

Obituary

In Memoriam: Tim Grogan Made ENR Economics Data an Industry Staple

September 20, 2022

Magazine's former senior economics editor developed analyses and projections widely relied on by industry managers seeking project cost accuracy

Toll Roads

Australian Firm Sets Deal for $2B Majority Stake in Chicago Skyway

Canadian pension funds sell majority of Chicago toll road to Australian toll operator Atlas Arteria

James Leggate

September 15, 2022

No Comments

The 7.8-mile toll road, in private hands since 2005, could soon have Australian toll road operator Atlas Arteria as majority owner.

Highway Infrastructure

FHWA Distributes $500M for Post-Disaster Road, Bridge Repairs

Tom Ichniowski

August 31, 2022

No Comments

Funds will go to 30 states, Puerto Rico and D.C.

Transportation

Maryland $6B Beltway Widening Plan Gets FHWA Approval

Jim Parsons

August 27, 2022

No Comments

P3 project led by Transurban-Macquarie team to widen parts of the I-495 Capital Beltway and I-270 near Washington, DC, gains agency record of decision on Aug. 25, but bid protest still looms

Infrastructure Act

US Energy Dept. Adds $425M for States' Clean Energy Projects

James Leggate

August 26, 2022

No Comments

Funding from the Infrastructure Investment and Jobs Act will boost DOE's State Energy Program with several times its typical annual funding.

Economy

Labor, Materials Prices Drive Construction Costs Higher: IHS Markit Index

James Leggate

August 24, 2022

No Comments

Survey respondents reported shortages of materials including electrical steel, components and cement.

Climate Law Tax Breaks Give Green Hydrogen Projects Big Boost

Mary B. Powers

August 16, 2022

No Comments

The $3 per kilogram production tax credit in Inflation Reduction Act, in effect for 10 years, will make green hydrogen competitive with fossil-fuel generated gray hydrogen, says Plug Power CEO Andrew Marsh.