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The city of Chicago's new five-year capital plan calls for road, sewer and Lake Michigan and Chicago river work, but requires $1.4 billion in new borrowing for the first two years alone.
Illinois transportation officials unveiled a six-year, $21.3-billion upgrade program recently, despite the COVID-19 pandemic and the gas tax shortfalls expected from it.
While the MBTA has released much information about the halted project, some crucial backstory remains unknown. We need new ways to talk about public works.
There is one bright spot in the December “termination for convenience” of the main contracting joint venture on the Boston area’s Green Line Extension light-rail project: No one is pointing fingers at the contractor as the key culprit behind the project’s soaring cost, which currently is $700 million to $1 billion over its roughly $2-billion budget.
Congress has passed a new budget blueprint that would provide relatively modest increases in federal spending for the current fiscal year and the next one. That could provide a boost for construction programs.
Join our experts as they detail how construction companies can implement best practices to their projects to ensure they’re delivered on-time, on-budget and why offering facilities/service management contracts on the assets they build, can provide more stable and repeatable revenue streams.