The tenuous fate of an estimated $8.7-billion trans-Hudson River rail tunnel exemplifies a dilemma faced by the American transportation industry as a whole: how to fund crucial megaprojects at a time when raising fuel taxes is political suicide and passing a multiyear transportation bill remains a pipe dream. + Image Photo: NYNJ Port Authority New Jersey Gov. Christopher Christie (R) announced on Oct. 7 that he was killing the project, called Access to the Region’s Core (ARC) and in development for almost 20 years. But after a quickly arranged meeting with U.S. Transportation Secretary Ray LaHood and Federal Transit Administrator
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.