Related Links: Website on Gulf Coast Early Restoration Phase III Program June 26 Federal Register Notice Officials overseeing the restoration of the Gulf of Mexico following the 2010 BP Deepwater Horizon oil spill have endorsed 44 coastal projects totaling $627 million. Almost half the funds would go toward rebuilding barrier islands and shorelines in Louisiana. The projects will be financed largely by a $1-billion fund that BP set up.Officials from Louisiana, Mississippi, Alabama, Florida and federal agencies serving as public trustees in the Natural Resource Damage Assessment (NRDA) process on June 26 approved the programmatic environmental impact statement for the
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.