The California High-Speed Rail Authority is expected to meet an Oct. 2 deadline to apply for a portion of the $8 billion set aside for high-speed train development under the American Recovery and Reinvestment Act. The authority’s board approved an application for more than $4.5 billion in federal stimulus funding for engineering, design and construction of the state’s high-speed train system—generating an investment of $9.1 billion when state matching funds are added. Included in the authority’s so-called Track 1 projects list is a request for $400 million in ARRA funds for construction of a Transbay Terminal in San Francisco, the
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.