Seeking to “ensure transparency and accountability” in the $8.7-billion effort to build a new commuter rail link under the Hudson River between New Jersey and Manhattan, Gov. Jon Corzine (D-N.J.) has issued an executive order mandating more state oversight of spending and contracting. Slide Show Photo: New Jersey Transit Expanding rail-line terminus is one part of project to run more trains between New York and New Jersey. As the country’s largest transit public-works project, the rail link includes construction of two commuter tracks and requires 8.78 miles of tunneling. The project officially broke ground in June and is to be
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.