Carrying both commuters and water, tunnels have long snaked through the bedrock beneath New York City, but now the labyrinth is growing: Multiple projects are under way totaling nearly $2.5 billion, with several other tunneling jobs on the horizon. Photo: Launch Box Second Avenue subway’s first phase is a $350-million, four-year contract. “Everyone wants these projects done as soon as possible, so we have a flurry of underground activity,” says Gary A. Almeraris, vice president of Skanska USA Civil, Whitestone, N.Y., which has major contracts on three of the region’s biggest tunneling jobs. “This is good news for the New
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.