Funds originally planned for a multi-billion rail tunnel under the Hudson River instead will go to New Jersey road rehabilitation projects, as proposed by New Jersey Gov. Chris Christie (R). CHRISTIE At a Board of Commissioners meeting on March 29, the Port Authority of New York and New Jersey authorized $1.8 billion to fund New Jersey road and bridge projects, none of which are owned or operated by the port authority. The money had been slated as part of the agency’s contribution to the Hudson River tunnel, which Christie cancelled last October. Construction began on the Access to the Region’s
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.