The Biden administration is pushing to award grants and move funds to projects funded by signature infrastructure and climate measures before President-elect Donald Trump takes over.
Gensler, Mott MacDonald and DMAA are contributing planning, design and engineering services for the first 2.4 km of the planned 170-km-long urban megaproject in Saudi Arabia.
Engineer-contractor giant cited project impacts and less-than-expected energy business earnings, but market watchers see key areas of growth next year.
Narrow majorities in Congress and bipartisan support for existing infrastructure spending may complicate any broad shift in policy, ARTBA's Dave Bauer says.