Officials with the Florida Dept. of Transportation and the Orlando-Orange County Expressway Authority on May 25 announced an agreement to move forward with construction of the Wekiva Parkway, a 27-mile-long toll road estimated to cost $1.8 billion. The parkway would provide the last component of a beltway around the Orlando metro. The long-planned project has languished due to a lack of available funds. OOCEA and Florida’s Turnpike Enterprise, a division of FDOT, are still determining their respective commitments to the project but announced September 2011 as a goal for starting design work. Construction could start by late 2012 and is
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.