White House officials say import halt, supported by a bipartisan group of lawmakers, is necessary to put additional pressure on Vladimir Putin over Ukraine invasion, but its costs are likely to be felt in the construction industry and the overall economy.
Austrian contractor Strabag confirms ownership link to Russian oligarch but cites no EU, UK or US sanctions and has cut off dividends to his firm; long-time Ukraine contractor Onur Group will stay put "but we are watching the developments sadly and with concern,” says an official.
As conflict expands, Germany looks to extend use of last three nuclear power plants it planned to close this year, while EU gets 10-point plan to cut Russia gas dependence by one-third in a year and Denmark announces new steps to halt Russian gas imports.
The new T7X model eliminates the diesel engine and the entire hydraulics system, pointing the way toward a future of fully electrified heavy equipment.
In recent years contractors have seen the advantages of employing light detection and ranging (LiDAR) technology with unmanned aerial systems (UAS), also known as drones.
Ambitious effort restarts to boost historic waterway’s freshwater supply shortage, with design now by the US Army Corps of Engineers and a new tender set for release in two years.
Despite past troubles and remaining bumps, contractor reported gains in year-end results, with the energy transition set to drive a 10% revenue boost this year, executives told analysts Feb. 22.
Six teams are provisional winners of U.S. Interior Dept.'s 64-round auction of ocean areas in the New York Bight south of New York City, with future development to be done under project labor agreements, it said.