Finance - Articles - Page 62 | Engineering News-Record

Coronavirus and Construction

Construction's Paycheck Protection Loan Volume Climbs 42% Since April

Tom Ichniowski

June 22, 2020

No Comments

Despite rise in volume, construction's ranking dips to third among industries, from first in mid-April.

Feds Advance $767M to Move Major NJ Rail Bridge Fix to Engineering Stage

Debra K. Rubin

June 21, 2020

One Comment

DOT's June 19 action on Portal North Bridge follows Trump tweeted approval, but no commitment to $12B Hudson River tunnels.

Holtec Settles Legal Battle with Massachusetts Over $1B Nuclear Plant Cleanup

Mary B. Powers

June 18, 2020

No Comments

New site owner and cleanup firm agrees to $193M contingency for cost increases, project delays and possible hidden contamination.

KBR Will Exit Fixed-Price Energy Construction, CEO Confirms

Debra K. Rubin

June 18, 2020

One Comment

Firm notes shift to broad government services and technology in analyst call, latest EPC to do so, but signs energy tech-license deal with India EPC Larson & Toubro on June 19.

Construction Loan Platform Built Technologies Sees Effects of COVID-19 Jobsite Shutdowns

Jeff Rubenstone

June 17, 2020

No Comments

The effects of months-long shutdowns and stay-at-home orders due to the COVID-19 pandemic have been pervasive, and the effects have even been seen in real time in the software to help manage construction financing.

Leadership Transition

AECOM Names CFO Troy Rudd to Replace Michael Burke as CEO

Debra K. Rubin

June 15, 2020

No Comments

But three board members opposed selection of finance rather than operational chief, and one resigns from director service.

Coronavirus and Construction

Mnuchin Says New COVID-19 Recovery Legislation is Necessary

Tom Ichniowski

June 10, 2020

No Comments

Treasury Secretary says a new measure should focus on stimulating hiring, especially in hardest-hit industries, such as restaurants and hotels.

Milestone Reached in $8B NYC LaGuardia Airport Revamp

Aileen Cho

June 10, 2020

No Comments

Public-private partnership team opens first area of $4-billion terminal redevelopment, signaling 80% completion of that project

Ontario Starts Bid Process on Long-Gestating $8.5B Toronto P3 Subway

Scott Van Voorhis

June 8, 2020

No Comments

In new RFQs, province will split project work into three packages to spur competition amid COVID-19 economic impacts; it also seeks federal funds.

Trump Order Waives Project Environment Rules to Push COVID-19 Recovery

June 5, 2020

"Emergency" directive to fast-track energy, transport and other infrastructure stimulus comes as EPA proposes to further diminish broader U.S. clean air rules benefits.