An annual survey, released on March 6 by consultant Arcadis, once again found New York City to be the world’s most expensive urban construction market, due to the availability and cost of real estate and site-access challenges.
Philip K. Asherman, chief executive of CB&I, says he believes prime contractor Toshiba Corp. will finish two delayed and over budget nuclear power-plant projects in Georgia and South Carolina.
Canadian Prime Minister Justin Trudeau has named former Ontario pension-fund giant CEO Jim Leech as special adviser to Canada’s newly authorized, but still unlaunched, federal infrastructure bank.
Scores of “sanctuary” cities, counties and states for undocumented immigrants are vowing to defy President Donald Trump’s executive order, issued last month, that threatens to block their federal funding.
Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.
Looking ahead to President Trump’s $1-trillion, 10-year infrastructure plan, rural states are laying down a marker. Transportation officials from rural areas say public- private partnerships generally won’t help them.
While infrastructure advocates wait to see what sort of investment plan President Trump will propose, a House Transportation and Infrastructure Committee hearing provided another forum to discuss what to do about deteriorating highways and other transportation networks.