Mayor Caldwell signs ‘historic’ bill allowing $44M in city funds to go to rail
The Honolulu City Council voted 7-2 on Tuesday to pass the bill, overturning an 11-year-old ban on spending city funds on the $9 billion elevated-rail project.
KCI developer shares list of 51 local contractors set to work on $1.9B project
Projected costs to build a new terminal at Kansas City International Airport have reached $1.9 billion, almost twice the estimate that development team Edgemoor Infrastructure & Real Estate put forth in its winning bid and that Kansas City residents voted on a year ago, according to The Kansas City Star.
Calm before the storm? What the construction industry can expect in 2019
Last week, industry leaders and economists convened at Dodge Data & Analytics’ Outlook Executive Conference at Maryland’s National Harbor to roll out predictions for the U.S. economy and construction markets in the coming year. The top finding of Dodge’s report that was unveiled at the event is that total construction starts in 2019 will inch up to just over $808 billion from this year’s estimated $806.8 billion.
FBI, local authorities investigate construction flaws at Maryland’s National Harbor megaproject
Now that an independent electrical engineer has determined that the cause of a severe electrocution injury at the $1.4 billion MGM National Harbor in Prince George’s County, Maryland, was the result of faulty wiring installation, county authorities, assisted by the FBI, have widened the scope of their investigation to include potential problems in the design, permitting, construction and inspection processes, in addition to possible public corruption, The Washington Post reported.
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Economist Sees India’s Construction Industry Transforming Over Next 15 Years
Calling India the “sleeping giant,” Graham Robinson, one of the world’s leading global construction economists, predicted that India will overtake Japan as the world’s third largest construction market by 2030. Like Chinese construction companies that are now the largest in the world, the Indian construction industry is going to experience “a complete transformation in size, scale and technical ability” over the next 15 years, he said.