Construction Industry News: June 29, 2018

US Construction Industry Has A Bright Future
 
A new report from the Equipment Leasing and Finance Foundation, Vertical Market Outlook Series – Construction, said the near-term residential and commercial construction markets should continue to grow. In the report, ELFF highlighted the industry's record spending in 2017 and predicted a 5% industry growth in 2018, according to the Monitor.
 

Musk Company Selected to Build Chicago-to-O'Hare Express Transport

Musk joined Chicago Mayor Rahm Emanuel to formally announce that a Musk-owned enterprise, The Boring Company , was selected for the project and will fully fund it. They say electric vehicles will carry passengers through underground tunnels in about 12 minutes each way.
 

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Growth Continued in First Half as Tariff Impacts Loom
 
The pace of construction has stayed fairly steady in the first half of 2018, despite the continued uncertainty that changing Trump administration tariffs on steel and aluminum have injected into the marketplace. According to Dodge Data & Analytics, construction starts are down 3% year-to-date, but as of May,  they remain 1% above the level of one year ago. Total starts are expected to rise 2% to 3% by the end of the year.

 

NY Governor signs legislation for LaGuardia AirTrain project
New York Governor Andrew Cuomo has signed a legislation to begin the process for building a new AirTrain connection to LaGuardia Airport. The AirTrain LGA project is proposed to be established between the airport and the Long Island Rail Road Station and the 7 subway train at Mets-Willets Point in Flushing, Queens.
 
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A Case Study: The Future of Confined Space Drone Inspection

As the scope and availability of technology increases, the need for risking personnel safety decreases. No longer are our personnel and clients hindered by lengthy downtime, significant scaffolding costs and needless safety risks when inspecting hard-to-access areas. Kiewit frequently demonstrates the value of the Unmanned Aerial Vehicle (UAV) technology to the energy, building and infrastructure markets in resolving those issues.
 
Work Begins on Six-Year, $1B Replacement of Ship Channel Bridge in Houston
The Harris County Toll Road Authority has started work on a $1 billion project to tear down and replace the Ship Channel Bridge , with construction projected to last six years. The bridge, which is along the Sam Houston Tollway, between Highway 225 and I-10 , currently carries 55,000 vehicles across it per day, ABC13 reported. HCTRA estimates that this number will grow to 160,000, thus necessitating a new bridge. The Houston bridge is a joint venture of Beavers members Zachry and Taylor Bros.

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