Finance - Articles - Page 41 | Engineering News-Record

Companies

MasTec Expands Power Work In $600M Deal to Buy Henkels & McCoy

CEO Jose R. Mas calls the deal the largest in the specialty contractor's history

Emell D. Adolphus

December 20, 2021

No Comments

The deal further diversifies the specialty construction giant's portfolio away from oil and gas related work.

The Infrastructure Act Rollout

EPA Allocates $1B in New Federal Funds for Superfund Projects

Update: EPA finalizing plans to start construction "as soon as possible"

Tom Ichniowski

December 17, 2021

One Comment

Administrator Michael Regan said some cleanups have awaited federal dollars for give more than five years; new infrastructure bill funding will start work at 49 sites in 24 states.

The Infrastructure Act Rollout

FHWA Announces 22% Boost in Core Highway Funding From IIJA

Update: Lack of Full-Year Highway Obligation Cap Raises Concerns

Tom Ichniowski

December 15, 2021

No Comments

Fiscal 2022 apportionments for formula programs total $52.5 billion, the highest in decades.

Amtrak requests $4.9B in Funding for 2021

Amtrak Wins Major Funding Boost in Infrastructure Act

The funding would pay for an expansion of the passenger railroad system

Tom Ichniowski

December 9, 2021

No Comments

IIJA includes about $66 billion in passenger rail appropriations, about equal to Amtrak's past 50-year total.

Outlook

Economist Projects 'Very Busy' 2022 for Construction Industry

James Leggate

December 9, 2021

No Comments

Anirban Basu, chief economist for Associated Builders and Contractors and CEO of consulting firm Sage Policy Group, expects projects from the new infrastructure package to be released in next year's third and fourth quarters.

Companies

CEO Shift Announced at Major UK Builder Laing O’Rourke

Debra K. Rubin

December 9, 2021

No Comments

45-year veteran CEO Ray O'Rourke would step down by September, replaced by Seamus French, a mining giant top exec who joins the London contractor as managing director in January.

Water

New Orleans Sewer Modernization Gets $275M EPA Boost

WIFIA loan set to aid repair of sewers damaged by storms

James Leggate

December 8, 2021

No Comments

WIFIA loan is set to help fund 160 projects to repair aging and storm-damaged sewer pipes.

Residential Development

Related Companies Partners on $366M of NYCHA Renovations

Luxury Developer Picked for Affordable Housing in NYC

James Leggate

December 6, 2021

No Comments

New York City Housing Authority tenant associations picked Related Companies and Essence Development for renovations and building management through a PACT conversion.