Lithium-ion battery developer KORE Power Inc. to supplement cost of $1.25-billion advanced EV battery manufacturing plant underway in Buckeye, Ariz., with $850-million conditional U.S. Energy Dept. loan.
Cargo transfer operations at the Port of Long Beach are poised to become both greener and more efficient over the next decade with the $1.567-billion Pier B On-Dock Rail Support Facility.
Design is underway for the $1.7-billion Bally's Chicago gaming complex-resort project for entertainment firm Bally’s Corp., which received site plan approval in May.
ENR’s Construction Industry Confidence Index fell four points this quarter, to a rating of 40. Confidence in the current construction market is virtually unchanged, but execs have become more pessimistic about the short- and medium-term future.
Prices for used construction equipment have continued to show signs of stabilizing over the last few months, a trend also seen in other heavy equipment categories.
Despite inflation, labor shortages and other troubles plaguing the construction industry, some sectors continue to thrive, but others face difficulties as demand for growth slows.
Energy contractor Petrofac, with new CEO Tareq Kawash, will execute contract to expand the large Habshan gas processing complex in Abu Dhabi, one year after its suspension ended in UAE, Iraq and Saudi Arabia related to bribery incidents by former executives.
Terms were not disclosed of the civil settlement with plaintiffs, but it "will allow LAN to put this matter behind them and focus on their future," an attorney says.