New Jersey Gov. Chris Christie (R) on Oct. 7 killed the $8.7-billion Trans-Hudson River passenger rail tunnel project that was expected to double commuter train capacity between New Jersey and Manhattan. + Image Proposed route was downriver from existing Amtrak tunnel. Christie said he feared cost overruns on the Access to the Region’s Core (ARC) project could cost the state between $2 billion and $5 billion, despite commitments of $3 billion each from the Federal Transit Administration and the Port Authority of New York and New Jersey. CHRISTIE “I will not allow taxpayers to fund projects that run over budget
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.