Maryland Gov. Martin O’Malley (D) says the state’s Nov. 20 agreement with an investor-owned private company to take over port operations in Baltimore for 50 years could generate $1.3 billion in berth expansion, port deepening and related infrastructure improvement. O’Malley says the deal would create about 3,000 construction jobs and 2,700 other positions. Ports America Chesapeake, which has operated two terminals at the port since the 1990s, will pay the state $100 million immediately for the long-term lease, which will give it control over facility net revenue, operations and technology investment. The pact must be approved by the state Board
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.