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Category: Financial


Construction Processes, Financial, Interaction of Expertise

Construction begins on new $600M main entrance at NYC’s Penn Station

June 18, 2019

Via: Construction Dive

The addition of a new entrance is just part of a multibillion-dollar program to improve rail and rail-related services in the New York City metro area. In December 2017, the MTA awarded a $1.8 billion design-build contract to 3TC — […]


Construction Processes, Financial, Interaction of Expertise

Exxon-SABIC to start construction on $10B Corpus Christi, Texas, ethane cracker plant

June 18, 2019

Via: Construction Dive

ExxonMobil said the project will also create 600 permanent jobs and provide $50 billion of economic output in the first six years of operations. An ethane cracker plant extracts the ethane found in natural gas and processes it into ethylene, […]


Construction Processes, Financial, Legal

Privately funded group reaches deal with water agency to only lock its border wall at night

June 14, 2019

Via: Construction Dive

The commission said that when We Build the Wall first applied for a permit, the agency asked the group more than once to relocate the gate because it was placed in such a way that it might funnel undocumented immigrants […]


Construction Processes, Financial

FAA sees $17.7B proposed for 2020, allocates $840M grants

June 11, 2019

Via: Construction Dive

The funding is welcome as airports attempt to fund much-needed improvements on their own. Lawmakers once again failed to raise the $4.50 Passenger Facility Charge (PFC) that helps airports pay for their capital construction programs. Airports are allowed to tack […]


Construction Processes, Financial

Virgin Trains taps contractors for $4B South Florida-Orlando expansion

May 23, 2019

Via: Construction Dive

In addition to announcing which contractors will be working on the expansion project, Virgin also said that Steel Dynamics in Fort Wayne, Indiana, has shipped the first of the trains that will serve the new route. Virgin came on as […]


Construction Processes, Financial, Interaction of Expertise

Construction on pause at Detroit’s $830M Monroe Blocks high-rise project

May 21, 2019

Via: Construction Dive

Crain’s reported that Bedrock received a total of $618.1 million in brownfield tax incentives from the state of Michigan last year for the four projects combined and must complete them by May 2023 in order to retain the entire dollar […]


Construction Processes, Design, Financial

Atlanta’s $5B Gulch project emerges as Centennial Yards

May 16, 2019

Via: Construction Dive

While developers are seeking tenants for Centennial Yards and planning amenities like concert venues and museums, a local citizens group has filed a lawsuit against Atlanta in an attempt to block the city’s use of publicly funded bonds to help […]


Construction Processes, Financial, Interaction of Expertise

Pentagon directs another $1.5B to border wall construction

May 14, 2019

Via: Construction Dive

This is the latest move by President Donald Trump’s administration seemingly meant to circumvent Congress’ unwillingness to fund border wall construction, at least in the amounts that the president would like. Since Trump’s declaration of a national emergency at the […]


Construction Processes, Financial, Interaction of Expertise

12 contractors shortlisted for $5B of border wall contracts

May 13, 2019

Via: Construction Dive

In addition to winning a spot on this latest prequalified bidders list, Fisher Sand & Gravel also scored another victory this month in regard to protests it filed against previous Army Corps border wall contract awards, according to the Washington […]


Construction Processes, Financial

Texas DOT proposes $8B highway plan, overhaul of I-35 through Austin

May 10, 2019

Via: Construction Dive

News of the massive expansion first emerged in 2017. At the time, the TxDOT said the environmental study would cost $20 million and be complete sometime this year. The TxDOT is relatively aggressive in spending money on needed surface transportation […]