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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.
Thomas F. Prendergast, who stepped down on Jan. 30 as chairman and CEO of New York City’s Metropolitan Transportation Authority (MTA), has joined consulting firm STV.
Sabal Trail Transmission LLC officials say construction of the company’s $3.2-billion natural-gas pipeline, approved in February 2016, is now 88% complete.
Efforts to improve lagging construction productivity have largely failed, notably in the U.S., but skills shortages and increasing constraints on migration likely will inflate pay and force productivity improvements across the globe, according to a recent construction-industry survey and forecast by the McKinsey Global Institute.
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.