Rail projects on the Northeast Corridor were the major winners as the U.S. Dept. of Transportation redistributed $2 billion in aid Florida turned down earlier this year. The grants, announced on May 9, will fund about $1.7 billion in infrastructure. That will be good news for engineering and construction firms and ease the pain of Florida Gov. Rick Scott's move to cancel his state's rail plan. The Northeast got about $1 billion, mostly for the Washington-to-Boston corridor. Peter Gertler, chairman of transit and high-speed rail services for HNTB, says about 75% of previous DOT rail awards went to California, Florida
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.