Even as Gateway tunnel construction resumes after a court-ordered release of federal funds, officials warn the $16B Northeast Corridor megaproject could face another shutdown within months if reimbursements again stall.
Contractor backlog edged up in February but remains below historical norms, with Midwest growth driving gains even as infrastructure work and profit-margin confidence soften.
The purchase expands new parent's Northeast footprint with 500 employees across 14 offices, increasing its total headcount to 2,600 employees across 120 US offices.
State disputes claimed regional power supply gap—saying the barely functional early 1970s plant, now ordered to operate through June 14, awaits a planned $600M conversion to natural gas—while legal action also is likely for aging Colorado plant ordered to operate.
The escalating regional conflict has already slowed or paused numerous energy and infrastructure projects in the region, but global construction firms are mum on the extent of damage, work shutdowns or supply chain interruptions.