As uncertainty drags on concerning federal funding levels for major infrastructure projects, stakeholders are looking more intensely than ever into what kinds of private capital are available—not only from entities traditionally interested in infrastructure, but also from companies such as Facebook.
Terry Morgan's ouster as chair of HS2 and Crossrail comes as the latter London tunnel line faces a new $2.5-billion budget hole and a likely finish beyond 2019.
Entrepreneur Elon Musk’s Boring Co. has dropped plans to construct a tunnel beneath Sepulveda Boulevard in Los Angeles after a settlement with project opponents.