A joint venture of AECOM, its Tishman Construction unit and STV was awarded a $19 million contract to provide construction management and other services for the Moynihan Station project which will expand Penn Station New York. Phase one of the project is estimated at $267 million and will create passenger…
Virginia Gov. Bob McDonnell wants to increase the percentage of any year-end surplus and sales tax that is spent on transportation projects. According to this article, the specific proposals include: * Increasing transportation’s share of year-end surpluses to 75 percent. * Authorizing the Commonwealth Transportation Board to implement a version…
Virginia announced a $940 million dollar P3 agreement with Flour-Transurban. The agreement calls for the construction of a 29 mile hot lane to ease the Virginia’s traffic congestion, especially during rush hour. The agreement calls for Fluor-Transurban to pay $843 million and Virginia to $97 million. Most of the current…
A funny thing happened at a recent ENRNewYork infrastructure conference titled Where’s the Money? — they found some. During a panel discussion concerning infrastructure financing, both Robert Dove, Managing Director, The Carlyle Group and Christophe Petit, President, Star America Infrastructure Partners, told the large audience that they had “money to…
If you build it, they will come. But what if someone else built it first? We just might find out the answer to that question if Guatemala goes forward with its new president’s plan to build a canal connecting the Atlantic and the Pacific Oceans. You can read about it…