State DOT dumps stalled $7.3B private developer approach of previous administration, but with public funding not in hand, design and construction is years away.
Jacobs says planned spinoff continues of its Critical Mission Solutions business, which employs 16,000 of its 60,000 employees, but KBR said on Aug. 21 that a rumored purchase "does not align with ... its capital deployment and strategic priorities and thus is not being pursued.”
Nearly 20 years after beginning construction and $1.23 billion later, the U.S. Army Corps of Engineers' Charleroi Lock and Dam in Monessen, Pa., is scheduled to be completed later this year.
High-voltage direct current undersea cable and added infrastructure will link the two countries' electrical grids, enabling a bidirectional power flow between Africa and Europe for the first time.