A team led by Spain’s ACS Infrastructure Development has inked a development deal with the North Carolina Turnpike Authority to design, finance and build a new seven-mile-long toll bridge to North Carolina’s Outer Banks. The two-lane, $650-million Mid-Currituck Bridge would be North Carolina’s longest bridge. The project would connect U.S. Route 158 on the mainland with the remote northern sector of the Outer Banks. The authority signed a predevelopment agreement on April 30 with Currituck Development Group, led by ACS Infrastructure Development and lead contractor Dragados USA, with Traylor Bros., Evansville, Ind., and Weeks Marine, Cranford, N.J., also on the
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.