Dovetailing with the U.S. Dept. of Transportation announcement that 24 states were vying for the $2.4 billion in high-speed rail funds rejected by Florida Gov. Rick Scott (R), public transit advocates released a report contending that high-speed and intercity passenger rail projects will stimulate construction, manufacturing sector and long-term job growth. According to the report, for each $1 billion invested in HSR projects, 24,000 jobs will be created. Kevin McFall, senior vice president with Stacy and Witbeck, Inc., Alameda, Calif., a general contractor, called construction of transit, rail—and high-speed rail—a “shot in the arm” at an April 6 press conference.
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.