The Los Angeles County Metropolitan Transportation Authority (Metro) on April 23 voted to fund the first phase of the $1.03-billion Interstate 405 Sepulveda Pass Widening Project, adding a northbound 10-mile-long carpool lane, between I-10 and U.S. 101, to one of the region’s most congested freeways. The freeway connects the San Fernando Valley with the greater Los Angeles area. The project is a joint venture between Metro and Caltrans. Kiewet Pacific Co., Santa Fe Springs, Calif., was awarded a $712-million design-build contract. The project will be built in phases based upon funding availability. About $372 million already has been secured, including
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.