Airports face an annual $10-billion shortfall to meet their rising infrastructure needs, which total $99.9 billion over the next five years, an airport group says in a new report.
While top state transportation officials look and listen for hints about President Trump’s promised, still unreleased infrastructure plan, they are working to cope with more-immediate funding issues.
An annual survey, released on March 6 by consultant Arcadis, once again found New York City to be the world’s most expensive urban construction market, due to the availability and cost of real estate and site-access challenges.
Philip K. Asherman, chief executive of CB&I, says he believes prime contractor Toshiba Corp. will finish two delayed and over budget nuclear power-plant projects in Georgia and South Carolina.
Canadian Prime Minister Justin Trudeau has named former Ontario pension-fund giant CEO Jim Leech as special adviser to Canada’s newly authorized, but still unlaunched, federal infrastructure bank.
Scores of “sanctuary” cities, counties and states for undocumented immigrants are vowing to defy President Donald Trump’s executive order, issued last month, that threatens to block their federal funding.
Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.