Tag: financing

Construction Processes, Financial

Banking turmoil stirs up new headwinds for construction

April 17, 2023

Via: Construction Dive

Signs point to decreased construction activity in coming months as financing costs for many developers have become prohibitively high, sources told Construction Dive. For example, increased interest rates are making construction projects more risky and less profitable, said Nicolas McNamara, […]

Construction Processes, Financial

Financing issues postpone Las Vegas Dream Resort project

March 28, 2023

Via: Construction Dive

The delay follows warnings from construction industry experts on growing concerns around financing, especially following the closures of Silicon Valley Bank and Signature Bank a few weeks ago. Contractors can expect tightening and some tension from small and regional banks, […]

Construction Processes, Design, Financial

Case Study in Pioneering Engineering Design and Infrastructure Financing

May 19, 2022

Via: ENR

If necessity is the mother of invention, the LBJ Express megaproject in Dallas, Texas, is a case study in pioneering engineering design and forward-thinking financing. This award-winning project stands as the largest and most complex mixed highway ever designed in […]


Brightline SoCal rail project still on track despite financing, cost issues

February 11, 2021

Via: Construction Dive

Brightline West is the most recent iteration of what was previously known as Virgin Trains USA, which was backed by billionaire investor Richard Branson’s Virgin Group Ltd. He exited the project in 2020, and the current re-branding is aimed at […]

Construction Processes, Financial

Prescient receives $90M in funding

June 10, 2020

Via: Construction Dive

Digital design-build company Prescient has received a $90 million financing commitment from Eldridge, a holding company with businesses across finance, technology, real estate and entertainment. Prescient leverages off-site manufacturing to help developers and general contractors create multifamily projects more quickly […]

Construction Processes, Financial, Interaction of Expertise

Los Angeles-area transit project costs could reach $14B

July 26, 2019

Via: Construction Dive

If private companies are enlisted to perform the design work, the firm responsible for the selected route will have the chance to build the project as a public-private partnership (P3), providing needed financing and possibly operating and maintaining the line […]

Construction Processes, Financial

Illinois Tollway awards $229M in construction, engineering contracts

April 26, 2019

Via: Construction Dive

So far this year, the Illinois Tollway has awarded almost $376 million of construction and engineering contracts to advance its $14 billion, 15-year Move Illinois capital program. The authority has invested $6.7 billion in the initiative since it began in […]