Aided partly by the American Recovery and Reinvestment Act (ARRA), New York City-area transportation agencies are speeding work on multibilliondollar capital plans. The marquee project is the $9-billion rail tunnel beneath the Hudson River, dubbed Access to the Region�s Core (ARC). ARRA provided a $130-million “down payment” for the tunnel, said Susan Bass Levin, deputy executive director for the Port Authority of New York and New Jersey, in addressing the Professional Women in Construction’s New York chapter at an April 23 forum. “Now we can break ground in the coming months.” The agency has committed $340 million to the tunnel
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.