Related Links: Text of WRRDA conference report (see Sections 5021-5035 for WIFIA) New Water-Resources Bill Sails Toward Enactment (ENR 6/2/2014 issue) [subscription] One reason why construction and finance industry officials are eager to see President Obama sign the Water Resources Reform and Development Act (WRRDA) is that it includes a new way to help narrow the infrastructure funding gap. The Water Infrastructure Finance and Innovation Act program (WIFIA) will provide federal loans and loan guarantees for Army Corps of Engineers and Environmental Protection Agency projects.WIFIA's impact is likely to be much more modest than its model, the Dept. of Transportation's
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.