Finance - Articles - Page 56 | Engineering News-Record

Workforce Management

Ironworkers' Local Pension Plan Saved by $49M Infusion

Cleveland union's plan was projected to run out of money in 2024

Annemarie Mannion

May 26, 2022

2 Comments

Cleveland union local's plan, headed toward 2024 insolvency, gains cash payment under the American Rescue Plan Act

Progress-Tracking AI Startup Buildots Gains $60M Funding

Jeff Rubenstone

May 26, 2022

No Comments

In a sign of continued interest in technologies for tracking work progress and keeping on schedule, Israel-based startup Buildots announced that it has raised $60 million in a Series C funding round.

Infrastructure Finance

Maryland Stormwater Tunnel Project Gets $75M EPA Loan Boost

James Leggate

May 25, 2022

No Comments

Kiewit-Traylor Brothers joint venture is CM-at-risk for the project, a key component of a $167M flood resilience program in Ellicott City.

Energy Construction

COVID-19 Pushes Out Giant UK Nuclear Power Plant Finish to 2027

Peter Reina

May 23, 2022

No Comments

French developer says Hinkley Point C project cost also is set to rise to as much as $27.4 billion.

Infrastructure Act

DOE Advances $3.5B for Atmospheric CO2 Removal Projects

Agency plans to fund four 'direct air capture' hubs

James Leggate

May 20, 2022

No Comments

Funds are set to spur creation of four U.S. hubs to remove carbon dioxide directly from ambient air, but some advocates question their efficiency.

Companies

Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy

Peter Reina

Debra K. Rubin

May 17, 2022

No Comments

UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.

The Infrastructure Act

At Six-Month Mark, IIJA Funds Flow but Other Provisions Spark Concerns

White House says $110B distributed to states, localities so far

Tom Ichniowski

May 16, 2022

No Comments

White House says $110 billion has been distributed to states and localities so far, while the industry seeks a longer time frame for Buy America waivers.

Advanced Manufacturing

Georgia Gains Two EV Plant Investments Totaling $10.5B

Mary B. Powers

Debra K. Rubin

May 15, 2022

No Comments

Hyundai confirms on May 20 an electric vehicle plant valued at $5.5B to be built outside of Savannah, with startup Rivian planning a $5B EV pickup truck factory near Atlanta.

Infrastructure Financing

Los Angeles Wastewater Tunnel Project Receives $441M EPA Loan

James Leggate

May 12, 2022

No Comments

The clearwater project calls for construction of a 7-mile-long tunnel to prevent sewage from overflowing into waterways.

Project Finance

European Wind Energy Sector Boosts Project Investor Interest

Peter Reina

Debra K. Rubin

May 8, 2022

No Comments

While total financed capacity fell 11% in 2021, most was for relatively low-cost onshore wind, with the 24.6 GW funded a record for a single year, says trade group WindEurope.