The Kentucky Transportation Cabinet expects to issue in October the first construction contracts for a $165-million bridge to replace the Eggner's Ferry Bridge over Kentucky Lake in the southwestern part of the state. Emergency repairs to the original 80-year-old span, which carries U.S. 68/Ky. 80 over the Tennessee River, originated this spring after a barge carrying rocket components struck the crossing in January.
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.