Related Links: Water Industry Awaits WRRDAs New WIFIA Loan Program New Water-Resources Bill Sails Toward Enactment The U.S. Army Corps of Engineers is beginning to explore the use of public-private partnerships to repair the nation's aging infrastructure."The federal government can't do this on their own," said Lt. Gen. Thomas Bostick, the Army's Chief of Engineers and the Corps commanding general. "We have $1.5 billion to put into projects this year, and we'd need $23.5 billion to finish the projects we're working on at the pace they are being appropriated," he added. "There's only so much that can be done through
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.