Discussed and debated for decades, the vision of a freight rail tunnel across New York City’s harbor recently took a small step forward: The Federal Highway Administration and the Port Authority of New York & New Jersey now are able to conduct environmental reviews on two preferred alternatives—a rail tunnel and a floating railcar option.
The Dodge Momentum Index rose 0.6% in April but is essentially even with its April 2015 level, due to a subdued pace for commercial planning relative to a year ago.
A regulatory regime that facilitates pipeline construction with insufficient assessment of need is driving overbuilding that “puts ratepayers at risk of paying for excess capacity, landowners at risk of sacrificing property to unnecessary projects and investors at risk of loss if shipping contracts are not renewed and pipelines are underused,” according to a report from the Institute for Energy Economics and Financial Analysis.
The Tennessee Valley Authority ended the possibility of completing two partially built nuclear units in Alabama on May 5, when its board voted to declare as surplus and for sale the 1,600-acre Bellefonte site.
Alan Krause is named executive vice president of Canada-based design firm Stantec Inc., following the May 6 closing of its $795- million acquisition of engineer-constructor MWH Global, of which he was chairman and CEO.
Water scarcity stemming from the effects of climate change and population growth could spur large-scale migrations, spark conflict and cost some regions up to 6% of their gross domestic product, according to a new
report from the World Bank.
Investment firm Apollo Global Management has signed a deal to acquire Maxim Crane Works and AmQuip Crane Rental, two of the largest crane-rental firms in the U.S.
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