Construction Industry News: January 22, 2020

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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ENR’s Top 25 Newsmakers 2019

From saving lives to saving the environment, ENR Newsmakers being recognized for 2019 worked to improve the construction industry and benefit the public.

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NY Gov. Cuomo introduces $275B infrastructure plan

New York Gov. Andrew Cuomo this week presented his fiscal year 2021 budget, which brings state investment in transportation infrastructure and other state-funded construction projects to $275 billion when adding in a new five-year, $175 billion infrastructure plan to the $100 billion of projects he introduced in 2016. Cuomo said this was the largest such plan in U.S. history.

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Colorado DOT uses foam blocks for innovative highway sinkhole repair

When cracks and then a 300-foot-long sinkhole appeared this summer on U.S. 36 between Denver and Boulder, the Colorado Department of Transportation (CDOT) and its subcontractors utilized a unique solution to quickly repair the heavily trafficked road. No one was hurt by the incident or the subsequent damage to a retaining wall, CDOT reported, but the road had to be partially closed.
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Infrastructure stocks could ‘catch fire’ in 2020: Morgan Stanley

Mike Wilson of Morgan Stanley says politicians understand that the world needs more fiscal stimulus, which could come in the form of infrastructure spending. He also says that monetary policy and quantitative easing have exacerbated income inequality.

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