New York Metropolitan Transportation Authority Work has already begun on improvements to Harold Interlocking in New York City's borough of Queens. Related Links: View DOT's announcement View NY Gov. Cuomo's press release Rail projects on the Northeast Corridor are the major winners as the U.S. Dept. of Transportation redistributed $2 billion in high-speed rail aid that Florida rejected earlier this year. The grant awards, announced by US DOT Secretary Ray LaHood on May 9, will include about $1.7 billion for infrastructure work. That will be a welcome infusion to engineering firms and construction contractors around the country, and ease
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.