The Federal Railroad Administration is aiming to pick up the pace in dispersing to states more of its initial $8-billion round of high-speed-rail funds. At the same time, FRA plans to move quickly to select winners of another $2.3-billion batch of rail money. FRA Administrator Joseph Szabo told reporters on Aug. 20 that, for round one, his agency so far has obligated about $585 million for 13 projects. He says the grant agreements “are very near completion” for seven additional projects totaling $209 million. Another seven projects, valued at $120 million, are waiting in the wings. All that still leave
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.