Nevada Gov. Jim Gibbons (R) expects to receive $45 million in previously approved SAFETEA-LU funding from the Federal Railroad Administration for planning and environmental analysis of the first segment of a $12-billion magnetic-levitation rail line from Las Vegas to Primm, Calif. The 269-mile line from Anaheim, Calif., to Las Vegas would be capable of speeds of up to 310 mph. FRA has not confirmed the announcement.
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.