With billions of dollars of state and federal funds anticipated, California can now pay some 80 engineering consultants on its planned 800-mile, $46-billion high-speed rail line. Already $5 million in debt for scoping and design work that occurred on the north-south express connector since the financially-strapped state froze infrastructure financing in December, the Pooled Money Investment Board approved a $29.1-million loan at its April 6 meeting after State Treasurer Bill Lockyer successfully sold $6.54 billion in bonds at the end of March. Photo: CA High-Speed Rail Authority Engineers have worked on planned line without pay The High Speed Rail Authority
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.