The Obama administration is proposing an additional $53 billion over the next six years to continue developing high-speed passenger rail. The plan, which Vice President Joe Biden announced on Feb. 8, would supplement $10.5 billion already appropriated for the rail program over the past two years. Congress will decide whether to provide the new funds. Biden said President Obama will seek $8 billion in his fiscal 2012 budget request. But House Transportation and Infrastructure Committee Chairman John Mica (R-Fla.) criticized the way the Dept. of Transportation has parceled out the $10.5 billion and said that adding $53 billion “is like
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.