Transportation Secretary Ray LaHood continues to like the idea of a national infrastructure bank. Testifying at a Senate Environment and Public Works Committee hearing on March 24, LaHood suggested that public-private partnerships and an infrastructure bank could help supplement the Highway Trust Fund in financing major projects. “The Highway Trust Fund is simply not going to allow us to do all that we need to do,” he said. The committee hearing is part of its preparation for the next surface transportation bill. LaHood also told the panel that hiking the motor-fuels tax should be off the table. “In these hard
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.