As part of his infrastructure investment agenda, President Obama has called for building a national network of high-speed passenger trains that would serve 80% of all Americans by 2036. Such a network would be great for America. Unfortunately, we can’t afford it. True high-speed rail, which is defined as exceeding 200 mph, is extremely expensive to build. The $53 billion President Obama proposed spending over six years for HSR would be just a down payment. A San Francisco-Los Angeles line alone would cost $42 billion. With national debt at record levels, we do not have the funds for big, new
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.