Competition for American Recovery and Reinvestment Act high-speed-rail funding has grown even more intense. The Federal Railroad Administration reported on Oct. 6 it had received 45 applications from 24 states, seeking a total of about $50 billion for ARRA high-speed-rail corridor grants. Applications for the corridor funds closed Oct. 2 and represent the second ARRA high-speed-rail grant round. Round one, for individual, ready-to-go projects, drew 214 applications totaling $7 billion from 34 states. The combined $57 billion in requests far exceeds the $8 billion ARRA provided for high-speed rail. FRA “will be announcing all awards this winter,” says Administrator Joseph
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.