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Builders embrace the megaproject boom

May 21, 2024


Megaprojects are on the rise, and delivering these multibillion-dollar builds is uniquely challenging, said panelists on April 29 at an event hosted by the Regional Plan Association, a development nonprofit focused on the New York, New Jersey and Connecticut region.

“It’s the age of megaprojects. For sure,” said Jamie Torres-Springer, president of MTA Construction & Development, which manages the New York City transit agency’s capital program. “[We] recognize that we have to run billions and billions of dollars’ worth of work on a permanent basis, and we’re building an organization in order to do that.”

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