John Hennessy III,
P.E.
At a time when project needs are so great throughout America, it is hard to understand why some cities and states have not endorsed public-private partnerships (P3s). Billions of funding support is available for critically needed efforts, but many of the federal funding programs require some percentage of private sector investment, so the projects become […]
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Recently, the Federal Aviation Administration (FAA) announced $1.7 billion in funding for upcoming projects at airports in America. The budget was allocated several years ago when Congress passed the Bipartisan Infrastructure Law. The recent allocation is significant, but there’s more to come. A total of $3.35 billion will be awarded in 2024 for airport projects. […]
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Port infrastructure in America is a critical component of economic growth, and because of that, significant capital investments distributed through grants allocated by the federal government are common. It has been estimated that between 2021 and 2025, federal investment in port infrastructure will be approximately $163 billion. These investments are focused on enhancing capacity and […]
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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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Last week, the federal All-Stations Accessibility Program announced its third round of funding awards and another $343 million for transit infrastructure projects, and much-needed support will soon flow to upcoming transit projects. Specifically, the revenue will focus on projects that increase accessibility, but the contracting opportunities will call for much more than just construction. This […]
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The Environmental Protection Agency (EPA) recently announced that $3 billion funding is available to replace old water distribution pipelines to ensure safe public drinking water throughout the U.S. Congress allocated the revenue to protect citizens from the harmful effects of lead-infested water on public health. Lead contaminants are all too common when pipelines are old […]
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Approximately $14.4 billion is spent yearly to repair, rehabilitate or replace bridges in America. However, that yearly amount has increased and will continue to increase because the backlog of critically needed bridge repairs is estimated to be $125 billion. With about 50,000 bridges with very significant issues awaiting attention, an estimated 40% of them can […]
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Following a near-total collapse of air travel during the COVID-19 pandemic, early 2024 marks a significant milestone as North American air travel is finally returning to normal. Normal, however, may not be the appropriate word because many airports are experiencing significantly higher passenger demand. The demand is driving a huge need for expansion and renovation, […]
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by Mary Scott Nabers It is shocking to realize that more than 42% of America’s 617,000 bridges are more than half a century old, and one-third of them are in dire need of repair or replacement. Even more sobering is the fact that 46,000 U.S. bridges are considered structurally deficient or in poor condition, given that […]
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by Mary Scott Nabers In past years, it was likely more difficult for companies to categorize renovation and repair projects as highly attractive. That may not be the case anymore. Public entities throughout the U.S. are designing extremely large renovation projects, and without a doubt, these upcoming projects will be attractive to firms of all […]
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