Finance - Articles - Page 44 | Engineering News-Record

Amazon Attacks Affordable Housing Crisis Via $2B Loan Fund

October 13, 2021

Amazon’s $2-billion Housing Equity Fund is revving up to help preserve and develop 20,000 affordable housing units by the end of 2025.

Industry Economics

Materials Shortage Hampers Recovery, ABC Survey Says

Alisa Zevin

October 12, 2021

No Comments

Supply chain issues continue to plague the industry as contractor backlogs decline.

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Study: Cost-Benefit Analyses for Projects Are 'Worse than Worthless'

Peter Reina

October 8, 2021

No Comments

UK researchers find the benefit-cost ratios for various project types are overestimated by between 50% and 200%

Highway Infrastructure

Biden Signs 30-Day Highway-Transit Stopgap

Industry groups unhappy about $1T infrastructure bill delay

Tom Ichniowski

October 4, 2021

No Comments

UPDATE: AASHTO says states won't get new highway authority until Oct. 15.

Federal Funding

Congress Votes to Avert Shutdown, Adds $29B for Post-Disaster Rebuilds

Biden signs measure into law, hours before deadline

Tom Ichniowski

September 30, 2021

No Comments

Stopgap spending bill extends through Dec. 3.

Clean Energy Construction

NJ Utility PSEG Adds Hundreds of Millions in New Infrastructure Spend

Mary B. Powers

September 30, 2021

No Comments

Giant power provider's investment in grid clean energy and modernization now nears $17 billion through 2025, its CEO told investors on Sept. 29. Ralph Izzo supports Democrats' controversial Clean Electricity Performance Program, contained in the pending $3.5T reconciliation bill.

Swinerton Exec Named to Lead Its PE-Acquired Renewables Spinoff

Debra K. Rubin

September 29, 2021

No Comments

George Hershman, to be CEO of new construction business, also is a board member of solar sector trade group opposing possible U.S. tariffs on Chinese firm-made components imported from three Asian countries.

Clean Energy Construction

Offshore Wind Projects Move Forward in Northeast, California

Mary B. Powers

September 26, 2021

No Comments

Massachusetts gains new proposals in third bid round for 1,600 MW of added capacity, while state's first project closes on $2.3B of construction finance and feds expand development off New York.

P3 Transportation

PennDOT Narrows Search for P3 Partner to Manage Big Bridge Rehab Effort

Jim Parsons

September 22, 2021

No Comments

Three teams are shortlisted to submit proposals to design, build, operate and maintain major existing non-tolled interstate bridges under 20- to 30-year concession agreements.