Unexpected disasters of every type are extremely costly. It might be surprising to realize that earthquakes in the U.S. cost about $15 billion annually in economic losses. While earthquakes are less common, there have been 28 earthquakes reaching a magnitude of 6 or greater in the past decade. Most of the risk is concentrated on […]
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Universities throughout the country are investing significant capital in existing campus facilities. National statistics show these types of initiatives are increasing significantly. The state of Texas is an excellent example of this emerging trend. A report by the Texas Higher Education Board indicates that 923 capital expenditure projects are planned for the Texas university system […]
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Earlier this month, the Federal Emergency Management Agency (FEMA) announced $1 billion for 656 new climate resiliency projects. The capital was awarded to support projects that address infrastructure risks and prepare for future natural disasters, including flooding, drought, earthquakes and extreme heat. Approximately $395 million will be invested in 28 flood-control projects designed to eliminate […]
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Courthouses and other municipal buildings are being renovated and upgraded throughout the U.S. That’s because funding for them continues to be available, and that is good news. But even better is the fact that many upcoming projects carry projected costs representing hundreds of millions in contracting opportunities. While the federal government supports local municipal and […]
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The most notable recent news in American infrastructure broke last week when the U.S. Department of Transportation announced $1.8 billion in new funding for 148 infrastructure projects. My previous column covered many of the projects already selected for that funding. Today’s column focuses on more projects chosen for this new funding. The upcoming projects described in today’s […]
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Last week, the U.S. Department of Transportation announced $1.8 billion in funding for 148 infrastructure projects. Most of the funding is available for projects that make streets safer for people who travel on them in any way. Work on these projects should be under way by November of this year, and funding of this type […]
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Two months ago, the federal government announced that $2.4 billion is available to support rail infrastructure projects in America. Hundreds of public officials interested in rail projects have already submitted applications for funding, and decisions about the projects selected for funding will be announced soon. In December 2023, more than $9 billion was awarded for […]
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It is not a new concept, but transit-oriented development (TOD) has become a sweeping trend, as evidenced by new projects being launched throughout the United States. Congress has allocated billions to support the development of attractive residential and retail communities located near public transportation stations. The objective is to enhance the ease and convenience of […]
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The federal government allocates approximately $1.9 billion annually for maintenance projects related to buildings, roads on land owned by the federal government, parks and every other public asset. That may sound like a lot – until it is noted that a deferred maintenance study reported several years ago that $76 billion is needed immediately to […]
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Water resources are a critical component of any region’s ecosystems. But, perhaps even more important is the realization that water is also essential for human survival. Its needs cannot be ignored. In 2023, the U.S. market for only drinking water treatment and wastewater systems was estimated to be $4.93 billion. This revelation also revealed that […]
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