It may be old hat in Europe and Asia to rocket through the landscape on a 200-plus-mile-an-hour train. But in America, all that promoters of high-speed passenger rail service have to show for three decades of effort are dusty feasibility studies stretching from Florida to California. Photo: California High Speed Rail Authority Simulation of high-speed trains in California. Yet by committing $13 billion in stimulus and budget funds to high-speed train travel to reduce traffic congestion and cut pollution, the Obama Administration is giving these projects a critical boost. A priority is a line that would whiz passengers 520 miles
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.