As London’s main international airport at Heathrow nears full capacity, momentum is growing in the U.K. for a major new hub in the Thames Estuary. London Mayor Boris Johnson has been lobbying hard for an estuary airport for two years. Recently, architectural heavyweight Sir Norman Foster proposed a rival $80-billion estuary project that includes high-speed rail, tidal power and a major new utilities and data spine.Foster’s Thames Hub would be built at the end of the Isle of Grain, Kent, some 55 kilometers east of central London. Over a third of the 40,000-hectare airport would be on land reclaimed, with
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.