Illinois Short-Lists Four Teams For $1.5B Illiana ExpresswayThe Illinois Dept. of Transportation has short-listed four teams to design, build and operate the state's 35-mile stretch of Illiana Expressway, a planned $1.5-billion, 47-mile corridor set to connect I-65 in Indiana to I-55 in Illinois.IDOT chose teams headed by equity members Cintra Infraestructuras S.A.; ACS Infrastructure Development Inc. and Fengate Capital Management; Fluor Enterprises Inc. and Plenary Group USA; and Meridiam Infrastructure and Walsh Investors. One team comprising equity members SNC-Lavalin Capital USA Inc., UIF GP and Zachry Resources Inc. and another with equity member Isolux Infrastructure Netherlands were not selected.The selected
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.