Courtesy AECOM High-speed rail would be built in stages over the next 20 years. Related Links: Calif. High-Speed Rail Moves Forward, Slowly California High-Speed Rail Plan Faces Funding Deadline The money is already starting to move to firms like AECOM and Tutor Perini following a California budget resolution earlier this summer that cleared the way for a continuous, year-over-year, funding stream for the state’s ambitious high-speed rail project. Top engineering and construction firms—likely to be called upon to build, and also finance the project—have been waiting for long-term public funding commitments before risking their own capital and labor, says Stephen
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.