Courtesy FRA Rae says that 72 of 77 rail projects under ARRA are now in some phase of development. Related Links: DOT Drives To Commit Rail Aid The 2009 American Recovery and Reinvestment Act provided $8 billion for high-speed passenger rail and regular appropriations provided about $2 billion more. It’s been up to the Federal Railroad Administration to set up the program, evaluate a flood of applications for the money and award grants. But before design and construction work can get going, FRA must negotiate and sign agreements with states and freight railroads, on whose lines many of the proposed
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.