Construction Industry News: October 17, 2019

Oklahoma approves $8B of infrastructure work

The commission approved three plans. The largest is the $6.5 billion, Eight-Year Construction Work Plan, which centers around replacing structurally deficient highway bridges, maintaining older bridges, shoulder improvements along two-lane highways and bringing more than 3,100 lane miles to a state of good repair. 

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ENR 2019 Top 600 Specialty Contractors: How Long Will the Boom Last?

The market for large specialty contractors has been growing for nearly a decade and most see the current market continuing to be robust. However, there is a general feeling that a downturn may be in the offing and many large firms are watching for, and sometimes finding, cracks in the boom.

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Chicago public-private partnership to get $1.2 billion for infrastructure projects

Chicago is set to get more than $1.2 billion for infrastructure projects from state and federal taxpayers. The majority comes from the state’s recently enacted infrastructure plan, which doubled the state’s gas tax.

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$14B Texas High-Speed Rail Contract Goes to Salini Impregilo-Lane JV

A joint venture of Milan-based contractor Salini Impregilo and its U.S. subsidiary Lane Construction Corp. have won a $14-billion design-build contract for the planned high-speed rail project to connect Dallas and Houston, with a total estimated cost of some $20 billion.

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News From Around The World

The most expensive projects on the planet: $175B fuels these 5 jobsites

Megaprojects, above all else, are defined by their potential to impact millions of people. While the $1 billion investment mark is generally accepted as the threshold for a singular project to be considered “mega,” that target moves according to the context of the country or specific location it’s in. 

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