The U.S. Navy’s four public shipyards have accumulated nearly $5 billion worth of deferred maintenance and restoration projects that could take as long as 19 years to rectify, according to a recently published U.S. Government Accountability Office report.
When former Harrisburg, Pa., Mayor Stephen Reed (D) and his aides set out to retrofit the city’s aging incinerator in late 2000, the project spun out of control over the coming years, enlarging the debt the city owed on the facility to $300 million and sinking Harrisburg into financial ruin.
Delays in approvals for a federal low-interest loan will require Virginia Dept. of Transportation (VDOT) to spend another $9 million on preliminary work for the I-66 toll lanes project. VDOT was already set to loan $30 million to Express Mobility Partners
Dominion Energy is set to build a $2-billion pumped hydroelectric storage unit in southwest Virginia to accommodate 240 MW of solar generation it plans to add every year through 2032, the company confirmed.
Proposed stringent emission-reduction targets through 2030 in the nation’s only interstate cap-and-trade program will continue the already well-established market shift toward renewable and efficient power-generation construction projects, industry analysts say.