Owners frequently call in professional services firms to streamline projects to completion and keep a pulse on the market. Lately, firms agree, that pulse is racing. Projects shelved last year are quickly rebooting while newer, more complex construction programs fill pipelines, driving many owners to seek support beyond their usual teams to manage the volume.
Lane Construction and Webuild Group will build privately funded Dallas-to-Houston line after state high court declined to hear challenge to developer Texas Central's eminent domain rights.
Rival Enbridge Line 3 wins key Minnesota court ruling June 14 to move construction to expected year end completion, while scuttled $8B Keystone had tough road after Biden permit halt, as owner weighs options for pipe laid in Canada and stored.
Although most construction markets have seen growth over the past decade, the petroleum market is a notable exception with a 59% drop from its high in 2013.