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The U.S. Dept. of Transportation will support the $10-billion project with a Transportation Infrastructure Finance and Innovation Act loan.

MTA plans to use $15 billion tied to the program for various subway, bus and other transit projects.

President Biden invokes U.S. Defense Production Act and cites “credible evidence” that the Japanese owner “might take action that threatens to impair national security.”

US Agriculture Dept. expects to announce more awards "in the coming weeks" and has picked six other cooperatives in Colorado, Louisiana, Oregon and Washington-Idaho.

Record agency loan guarantee would fund upgrade of 61 hydroelectric plants that generate 3.8 GW of energy.

The vote was delayed for more than a month, which the team says will push back the project's completion from 2028 to 2029.

Selected awardees plan to develop solar and battery storage projects at multi-family housing and health care facilities.

The key trends of 2024 will persist into 2025: Material price stabilization, labor shortages, growth in digital infrastructure and renewable energy construction, with 2-6% average cost escalations.

Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.

While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.