Engineer Arup's traffic projections that fell short for the project, which went into receivership, are the crux of the dispute's new trial stage; deal financier Macquarie has been cross-sued.
The design-build phase of the $2.1- billion Elizabeth River Tunnels project in Norfolk, Va., finished last month—one year ahead of schedule—in a P3 collaboration between a Skanska USA-Kiewit-Weeks Marine Inc. team and the Virginia Dept. of Transportation.
Even as hard-hit areas of two of the country’s most developed regions push for normalcy after back-to-back hurricanes in early September, policymakers and construction industry experts are weighing the longer-term implications of the damage in Houston, Florida and the Caribbean from Harvey and Irma—and how and whether infrastructure resiliency can be accelerated and how that will affect coastal development.
Major delays in a pair of multibillion-dollar bridge proposals have handed Canada’s Trudeau government a setback as it pushes to get marquee infrastructure projects moving to boost the economy.
Continued construction risk in public-private partnerships was a key topic for financing experts on a panel hosted by investment firm D.A. Davidson as part of its annual investor conference.
As the construction industry has moved toward more collaborative forms of project delivery, many owners have begun engaging outside professionals who are known as owners project managers (OPMs).