House Transportation and Infrastructure Committee chairman John Mica (R-Fla.) on May 26 outlined a high-speed rail (HSR) proposal that would offer an alternative to the $117-billion, 30-year version unveiled by Amtrak last September. Although both plans offer opportunities for private investment, Mica’s proposal goes much farther—essentially transferring from Amtrak to the private sector the responsibility to develop HSR along portions of the congested Northeast Corridor.Mica only presented an outline with few details. But he said his proposal, which he plans to incorporate into legislation within the next few weeks, would allow for public-private partnerships to design, build, operate, maintain and
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.