Finance Global construction spending and investment trends; project finance; public-private partnerships; bankruptcy and default; insurance and surety bonding//www.phoneitt.com/rss/122 en-us Construction Groups Gear Up to Fight Senate Gas-Tax 'Holiday' Bill ichniowskit@enr.com (Tom Ichniowski)

Bill backed by six Democrats would tap general fund to offset Highway Trust Fund revenue loss.

//www.phoneitt.com/articles/53623 Wed, 16 Feb 2022 16:32:00 -0500//www.phoneitt.com/articles/53623-construction-groups-gear-up-to-fight-senate-gas-tax-holiday-bill
Dodge: Recovery Across Market Sectors Continues in Second Quarter zevina@enr.com (Alisa Zevin) As the Omicron wave of COVID-19 recedes, Dodge forecasts a strong quarter for construction starts. //www.phoneitt.com/articles/53607 Tue, 15 Feb 2022 16:07:00 -0500//www.phoneitt.com/articles/53607-dodge-recovery-across-market-sectors-continues-in-second-quarter DOT, DOE Allocate $615M for US Electric Vehicle Charging Network ichniowskit@enr.com (Tom Ichniowski)

Funds are first installment of infrastructure funding law's formula funds for a national EV network.

//www.phoneitt.com/articles/53594 Thu, 10 Feb 2022 17:35:00 -0500//www.phoneitt.com/articles/53594-dot-doe-allocate-615m-for-us-electric-vehicle-charging-network
Insurance Broker Stole NY Contractor's Payment, Indictment Alleges

Broker is accused of stealing $350,000 from his client, a Brooklyn contractor.

//www.phoneitt.com/articles/53596 Thu, 10 Feb 2022 16:00:00 -0500//www.phoneitt.com/articles/53596-insurance-broker-stole-ny-contractors-payment-indictment-alleges
Jacobs Buys Analytics Firm StreetLight for Unknown Sum rubind@enr.com (Debra K. Rubin)

Tech purchase comes as firm's Q1 results were below analysts' expectations.

//www.phoneitt.com/articles/53585 Thu, 10 Feb 2022 14:30:00 -0500//www.phoneitt.com/articles/53585-jacobs-buys-analytics-firm-streetlight-for-unknown-sum
NTSB Outlines Pittsburgh Bridge Structure Specifics, Finding Collapse Cause Will Take Months ichniowskit@enr.com (Tom Ichniowski)

PennDOT picks HDR-Swank Construction team for rebuild of fallen bridge.

//www.phoneitt.com/articles/53564 Mon, 07 Feb 2022 17:23:00 -0500//www.phoneitt.com/articles/53564-ntsb-outlines-pittsburgh-bridge-structure-specifics-finding-collapse-cause-will-take-months
FTA Releases First Installment of IIJA Funds to Transit Systems ichniowskit@enr.com (Tom Ichniowski)

The release covers only part of fiscal 2022 funds; an appropriations measure is needed for the rest.

//www.phoneitt.com/articles/53558 Mon, 07 Feb 2022 13:59:00 -0500//www.phoneitt.com/articles/53558-fta-releases-first-installment-of-iija-funds-to-transit-systems
加拿大能源巨头的650美元收购的US Renewables Niche Brookfield Asset Management is set to add 20 GW of solar and battery storage project potential in buying Virginia-based Urban Grid, but sector faces growing hurdles in grid connectivity and supply chain. //www.phoneitt.com/articles/53553 Sun, 06 Feb 2022 15:55:00 -0500//www.phoneitt.com/articles/53553-canada-energy-giants-650m-acquisition-boosts-its-us-renewables-niche ARTBA: Deficient Bridge Number Drops, But Huge Backlog Remains ichniowskit@enr.com (Tom Ichniowski)

Structurally deficient bridges declined 3% in 2021, but more than 43,500 remain.

//www.phoneitt.com/articles/53544 Wed, 02 Feb 2022 00:00:00 -0500//www.phoneitt.com/articles/53544-artba-deficient-bridge-number-drops-but-huge-backlog-remains
Agriculture Dept. Awards $1B for Health Centers, Other Rural Facilities ichniowskit@enr.com (Tom Ichniowski)

Federal loans and grants would help build and upgrade hundreds of rural community facilities in nearly every state.

//www.phoneitt.com/articles/53514 Thu, 27 Jan 2022 17:23:00 -0500//www.phoneitt.com/articles/53514-agriculture-dept-awards-1b-for-health-centers-other-rural-facilities
DOT Releases $246M in IIJA Funds To States For Appalachian Highway ichniowskit@enr.com (Tom Ichniowski)

Funds, set for 11 states, are for first year of five-year, $1.25-billion program.

//www.phoneitt.com/articles/53488 Tue, 25 Jan 2022 16:39:00 -0500//www.phoneitt.com/articles/53488-dot-releases-246m-in-iija-funds-to-states-for-appalachian-highway
Illinois Bill Would Make Contractors Liable for Subcontractors' Unpaid Wages

The bill has some contractors concerned about added costs and complications.

//www.phoneitt.com/articles/53479 Mon, 24 Jan 2022 00:00:00 -0500//www.phoneitt.com/articles/53479-illinois-bill-contractors-liable-subcontractors-unpaid-wages
Corps Spells Out Billions in Infrastructure Act Allocations ichniowskit@enr.com (Tom Ichniowski)

Everglades restoration program receives the largest allotment of roughly $1.1 billion.

//www.phoneitt.com/articles/53471 Wed, 19 Jan 2022 17:38:00 -0500//www.phoneitt.com/articles/53471-corps-spells-out-billions-in-infrastructure-act-allocations
Calif., Baltimore, Milwaukee Water Projects Win $688M in EPA Loans

US Environmental Protection Agency says it will provide $7.4 billion this year to State Revolving Funds for water infrastructure projects.

//www.phoneitt.com/articles/53461 Wed, 19 Jan 2022 16:00:00 -0500//www.phoneitt.com/articles/53461-calif-baltimore-milwaukee-water-projects-win-688m-in-epa-loans
Hope, and Trepidation, for DC Event Attendees on Infrastructure Fund Flow choa@enr.com (Aileen Cho) Transportation Research Board attendance was down as US COVID-19 cases rose, but participants spoke volumes about efforts underway and risks ahead to wisely spend billions coming to the sector. //www.phoneitt.com/articles/53444 Mon, 17 Jan 2022 21:45:00 -0500//www.phoneitt.com/articles/53444-hope-and-trepidation-for-dc-event-attendees-on-infrastructure-fund-flow US DOT Releases 2022 Share of New IIJA $26.5B Bridge Program ichniowskit@enr.com (Tom Ichniowski)

California gets largest funding share, New York ranks second.

//www.phoneitt.com/articles/53438 Fri, 14 Jan 2022 12:01:00 -0500//www.phoneitt.com/articles/53438-us-dot-releases-2022-share-of-new-iija-265b-bridge-program
Stalled Maryland Light-Rail P3 Won't Open Until 2026, With Cost Up $1.4B

Purple Line's new JV contractor Dragados-OHL will start in spring as state approves its contract on Jan. 26. Construction tab now is $3.4B, with opening four years past original estimate, say officials.

//www.phoneitt.com/articles/53421 Thu, 13 Jan 2022 14:40:00 -0500//www.phoneitt.com/articles/53421-stalled-maryland-light-rail-p3-wont-open-until-2026-with-cost-up-14b
调查:t建筑活动放缓的增长he UK reina@btinternet.com (Peter Reina) Despite improving supply chains and high demand, delays are expected to continue. //www.phoneitt.com/articles/53376 Mon, 10 Jan 2022 09:02:00 -0500//www.phoneitt.com/articles/53376-survey-growth-of-construction-activity-slows-in-the-uk Steady Growth Seen for Global Construction After COVID Rebound reina@btinternet.com (Peter Reina) The worldwide sector is set to rise 2.3% a year in real terms, reaching $16.6 trillion by 2030, with four of the 10 fastest growing markets in Asia, says a London-based economic forecaster. //www.phoneitt.com/articles/53360 Wed, 05 Jan 2022 10:27:00 -0500//www.phoneitt.com/articles/53360-steady-growth-seen-for-global-construction-after-covid-rebound US DOT Selects Winners for $241M in Grants for Port Upgrades ichniowskit@enr.com (Tom Ichniowski)

Winning projects are in coastal, Great Lakes and inland river locations.

//www.phoneitt.com/articles/53356 Tue, 04 Jan 2022 15:04:00 -0500//www.phoneitt.com/articles/53356-us-dot-selects-winners-for-241m-in-grants-for-port-upgrades
Utility Pushes U.K.'s First Big Pumped Storage Hydro Project in 30 Years reina@btinternet.com (Peter Reina) Bechtel, Webuild, Strabag and Dragados are among bidders for the $1.3B, 1.5-GW Coire Glas project in Scotland, but project revenue uncertainties remain. //www.phoneitt.com/articles/53347 Wed, 29 Dec 2021 09:44:00 -0500//www.phoneitt.com/articles/53347-utility-pushes-uks-first-big-pumped-storage-hydro-project-in-30-years DinorwigABB.jpg Pumped storage hydro now accounts for 75% of the U.K.'s 4 GW of electricity storage, mainly at the 1,728-MW Dinorwig plant in Wales, commissioned in 1983. Credit: ABB FHWA to Provide $1.4B for Emergency Road Repairs ichniowskit@enr.com (Tom Ichniowski)

Funds go to reimburse 42 states for storms, wildfires and other disasters.

//www.phoneitt.com/articles/53320 Tue, 21 Dec 2021 18:14:00 -0500//www.phoneitt.com/articles/53320-fhwa-to-provide-14b-for-emergency-road-repairs
MasTec Expands Power Work In $600M Deal to Buy Henkels & McCoy The deal further diversifies the specialty construction giant's portfolio away from oil and gas related work. //www.phoneitt.com/articles/53318 Mon, 20 Dec 2021 20:10:00 -0500//www.phoneitt.com/articles/53318-mastec-expands-power-work-in-600m-deal-to-buy-henkels-mccoy EPA Allocates $1B in New Federal Funds for Superfund Projects ichniowskit@enr.com (Tom Ichniowski)

Administrator Michael Regan said some cleanups have awaited federal dollars for give more than five years; new infrastructure bill funding will start work at 49 sites in 24 states.

//www.phoneitt.com/articles/53296 Fri, 17 Dec 2021 17:25:00 -0500//www.phoneitt.com/articles/53296-epa-allocates-1b-in-new-federal-funds-for-superfund-projects EPA.Regan.Phila.Superfund 2021-12-17 at 2.12.12 PM.png
FHWA Announces 22% Boost in Core Highway Funding From IIJA ichniowskit@enr.com (Tom Ichniowski)

Fiscal 2022 apportionments for formula programs total $52.5 billion, the highest in decades.

//www.phoneitt.com/articles/53266 Wed, 15 Dec 2021 18:15:00 -0500//www.phoneitt.com/articles/53266-fhwa-announces-22-boost-in-core-highway-funding-from-iija
Amtrak Wins Major Funding Boost in Infrastructure Act ichniowskit@enr.com (Tom Ichniowski)

IIJA includes about $66 billion in passenger rail appropriations, about equal to Amtrak's past 50-year total.

//www.phoneitt.com/articles/53211 Thu, 09 Dec 2021 16:57:00 -0500//www.phoneitt.com/articles/53211-amtrak-wins-major-funding-boost-in-infrastructure-act
Economist Projects 'Very Busy' 2022 for Construction Industry

Anirban Basu, chief economist for Associated Builders and Contractors and CEO of consulting firm Sage Policy Group, expects projects from the new infrastructure package to be released in next year's third and fourth quarters. //www.phoneitt.com/articles/53205 Thu, 09 Dec 2021 16:00:00 -0500//www.phoneitt.com/articles/53205-economist-projects-very-busy-2022-for-construction-industry CEO Shift Announced at Major UK Builder Laing O’Rourke rubind@enr.com (Debra K. Rubin) 45-year veteran CEO Ray O'Rourke would step down by September, replaced by Seamus French, a mining giant top exec who joins the London contractor as managing director in January. //www.phoneitt.com/articles/53201 Thu, 09 Dec 2021 15:39:00 -0500//www.phoneitt.com/articles/53201-ceo-shift-announced-at-major-uk-builder-laing-orourke ENR Executive News New Orleans Sewer Modernization Gets $275M EPA Boost

WIFIA loan is set to help fund 160 projects to repair aging and storm-damaged sewer pipes. //www.phoneitt.com/articles/53165 Wed, 08 Dec 2021 13:00:00 -0500https://www.新利18备用enr.com/articles/53165-new-orleans-sewer-modernization-gets-275m-epa-boost Related Companies Partners on $366M of NYCHA Renovations

New York City Housing Authority tenant associations picked Related Companies and Essence Development for renovations and building management through a PACT conversion.

//www.phoneitt.com/articles/53143 Mon, 06 Dec 2021 18:00:00 -0500//www.phoneitt.com/articles/53143-related-companies-partners-on-366m-nycha-renovations