John Hennessy III,
P.E.
Construction, machinery, building products and engineering firms will be in high demand. Following Hurricane Katrina alone, a $100 million emergency FEMA contract was awarded to a construction and engineering firm for housing management and construction. Another similar firm also earned a $100 million contract to provide temporary housing and communications tools to hurricane victims. And a $30.9 million contract was awarded for repair of a bridge on Interstate 10.
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The Federal Highway Administration (FHWA) isn’t pulling any punches with the conclusion it draws from the latest figures for U.S. traffic volumes, which show “a streak of steadily increasing vehicle miles travelled (VMT) that began in 2011.”
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With a current price tag estimated at $160 billion for emergency and recovery efforts, the private sector will play a major role in providing for cleanup and revitalization. Contracting opportunities will be plentiful for thousands of companies and Texas and Texans will welcome their assistance.
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Major cities throughout the U.S. are focused on urban redesign to create vibrant communities in downtown areas. Parks, trails, green spaces and community gathering places are all being constructed. Green infrastructure is also a high priority. Engineering design firms, construction contractors, landscaping companies and playground equipment suppliers are in high demand. Cities are also enhancing Wi-Fi access, moving to IoT (Internet of Things) technology and launching renewable energy projects. Funds for these types of projects are coming from various sources and as a result, lots of attention is now focused on what’s happening at the local levels of government.
View this complete post...Two city bridge superstructures demolished, moved and replaced in 16 hours? Impossible? No…it can happen and Utah’s Department of Transportation just proved it…This impossible-sounding accomplishment is a result of a program called Accelerated Bridge Construction (ABC). It allows completion of bridge projects in record time. But, these kinds of success stories are not just happening in Utah.
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According to the United Nations, 54 percent of the world’s population lives in urban areas, a percentage expected to reach 66 percent by 2050…This “mega-cities” trend is in part due to digital transformations which are changing economies, cultures and communities at light speed. Unprecedented connectivity, mobility and access to information are fundamentally changing how individuals, organizations and communities view their own safety, security and quality of life…From the protection of critical infrastructure to information in cyberspace, and point-of-sale purchases to international financial transactions, Thales is helping communities and organizations everywhere meet the challenges of a complex digital age.
View this complete post...Delays in the rollout of the Trump administration’s much-heralded $1 trillion infrastructure plan are proving costly for deteriorating U.S. roads, bridges, airports and transit systems. And the longer the delay, the more it will cost taxpayers. Tired of delays on a long-awaited new plan, some members of Congress are busy putting together a “Plan B.”
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There are a number of answers to that question, including direct federal funding, revolving loan programs, tax-preferred financing, and public-private partnerships (known as P3s). The best infrastructure funding solution would make use of all of these options. And let’s not forget about the gas tax. It hasn’t been raised since 1993. It will take courage on the part of lawmakers to raise it, but it’s a common-sense option that should be on the table. Moreover, a long-term, sustainable source for funding the Highway Trust Fund should serve as the anchor for any plan.
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Created three years ago and finally funded this year, the Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act (WIFIA) program may soon announce the first round of funding for water infrastructure projects. The agency has $1.5 billion in available funds and it is all designated for water projects.
The EPA announced that 12 of the 43 public entities submitting letters of interest for project funding from the WIFIA program have been approved. These applicants may now move through the program and apply for low-interest loans.
View this complete post...The wheels on the Trump administration’s $1 trillion infrastructure plan appear to be moving. After months of delays, the president, through an executive order, announced the creation of a Presidential Advisory Council on Infrastructure.
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