The once-in-a-generation effort to upgrade and expand American infrastructure that is well underway by industry EPC firms also will safeguard their long-term sustainability and indispensable role in shaping that market, say top managers of investment firm Lazard.
The Biden administration’s Federal Sustainability Plan, announced in April, will require all agencies to transition to light-duty electric vehicles by 2027 and heavy-duty zero-emission vehicles by 2035.
In only the latest consolidation move in the competitive construction-technology sector, Trimble announced April 23 that it is acquiring Viewpoint Construction Software for $1.2 billion from Bain Capital.
India has an ambitious goal to spend $1 trillion on infrastructure over the next five years, but the country's high interest rates, growing public debt and ongoing policy issues threaten to put the brakes on foreign investments.
Predicting energy demand to grow 9% annually, the United Arab Emirates announced last month that it has started construction on the country's first nuclear powerplant after receiving design and building approval for the first of four planned units.
The developer of a $2-billion transmission line that will run from Canada to New York City plans to issue a solicitation for an engineering, procurement and construction contract after reaching settlement late last month with state agencies and environmental groups in New York.