With image recognition, Big Data analysis and artificial intelligence coming to define construction, outdated and inefficient contracting and project management practices won’t cut it to build critical infrastructure projects at the scale and speed needed now.
Milan-based Salini Impregilo S.p.A. has named Goldman Sachs to advise on the possible sale of the $600-million-a-year paving unit of its U.S. subsidiary Lane Construction Corp.
The long-delayed Kitimat liquefied natural gas project in British Columbia got a boost in late April when LNG Canada selected Fluor Corp. and partner Yokohama-based JGC Corp. as the EPC contractor for the natural gas export-plant portion of the $40-billion development. Industry analysts expect Fluor’s portion of the award could be as much as $7 billion.
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