Image courtesy Brazil's National Agency of Terrestrial Transport A proposed high-speed rail line received no bids. A $21.3-billion high-speed-rail project in Brazil has been delayed for a third time after no offers were presented at auction this month. Government officials say they will now modify the proposal in hopes of attracting bidders in a new auction later this year.The Trem de Alta Velocidade Rio-São Paulo, or TAV, will provide a direct link between two of the country’s largest metropolitan areas. The 510- kilometer line would extend from Rio de Janeiro to São Paulo and terminate at the city of Campinas.
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.