Talk about "fast track." Applications for the next round of federal high-speed-rail grants, totaling more than $2.3 billion, are due by Aug. 6, and winners will be announced by Sept. 30, the U.S. Dept. of Transportation says. Related Links: FRA Guidance Document: Service Development Program FRA Guidance Document: Individual Project Funding Availability In announcing the timetable on June 28, DOT noted that the new grants include $2.1 billion for high-speed-rail corridor proposals and $245 million for specific construction projects within corridors. The new round's funding comes from DOT's fiscal 2010 appropriations. It follows the hotly competitive first round, in which
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.