The U.S. Dept. of Transportation is making headway in moving "TIGER" grants awarded early last year closer to actual construction. U.S. DOT announced on Dec. 29 that it had signed agreements with the Alabama and Tennessee DOTs on a $105-million Transportation Investment Generating Economic Recovery grant for two intermodal freight facilities along the Norfolk Southern Corp.'s "Crescent Corridor". DOT release. Of the $105-million grant, half will go to Alabama to help finance a $97.5-million, 261-acre regional facility near McCalla, about 20 miles southwest of Birmingham. Norfolk Southern (NS) and other sources will fund the remainder of the project's total cost.
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.