Officials at the nation’s largest drinking-water association called for a new mechanism to fund water infrastructure that is generating buzz on Capitol Hill: a national infrastructure bank. Meeting for their yearly conference June 14-18 in San Diego, American Water Works Association officials announced they would work with lawmakers in Washington, D.C., to push for legislation that would establish a bank to support water infrastructure projects. The current credit crunch has made it “hard for communities to access capital for critical infrastructure projects,” despite the infusion of funds from the American Recovery and Reinvestment Act, said Michael Leonard, AWWA’s 2008-2009 president
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.