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Home » Topics » Business

Business
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2024 Elections

Construction Unions Well-Represented at Democratic Convention

Tom Ichniowski
Tom Ichniowski
August 20, 2024
No Comments

Chiefs of Laborers and Electrical Workers unions addressed delegates in Chicago as Democrats released their party platform that emphasized infrastructure funding priorities.


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Transportation

Louisiana I-10 Bridge Team Reaches Financial Close for $2.3B P3 Project

James-Leggate.jpg
James Leggate
August 19, 2024
No Comments

Louisiana officials picked a consortium of Plenary Americas with Spain-based design-build firms ACCIONA and Sacyr as P3 developer for the future toll bridge.


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Chip Manufacturing

Feds Offer Texas Instruments $1.6B to Support Construction of Three Fabs

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James Leggate
August 19, 2024
No Comments

Texas Instruments says it is investing $18 billion on the plants in Texas and Utah.


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Transportation

Settlement Issues Bog Down Louisiana Bridge Project, Resulting in Daily $10K Fines

Jim Parsons
August 16, 2024
No Comments

While the extent of settling is still being evaluated, it's enough to require the replacement of bridge approaches, pushing the completion of the project from April 2024 into 2025. 


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Road Safety

FHWA Releases Implementation Plan for Highway Connectivity Technology

Tom Ichniowski
Tom Ichniowski
August 16, 2024
No Comments

The Federal Highway Administration has released a extensive blueprint for implementing the use of vehicle-to-everything, or V2X, connectivity through 2036.


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Decarbonization

Feds Target Labels to Ease Low-Carbon Product Use on Projects

Steel, glass, asphalt and concrete labeling will be prioritized under EPA program
Pam_McFarland
Pam McFarland
August 15, 2024
No Comments

New program will support development of more accurate product content rating system to boost agency and contractor purchases of low-carbon construction materials. 


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Mergers and Acquisitions

Gannett Fleming Buys TranSystems in $1.3B Transport Design Deal

Cash purchase transaction with former private equity firm owner bolsters combined entity's position in bridge, highway, mass transit and rail work
Emell Adolphus
Emell D. Adolphus
Debra K. Rubin
Debra K. Rubin
August 15, 2024
No Comments
TranSystems CEO Tim Rock and Gannett Fleming President and CFO Jim Nevada become co-presidents and co-chief operating officers of the combined entity, with a new chief to be named and possible new corporate name.
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Information Technology

GPRS Acquires Existing Conditions, Oracle Makes Primavera Unifier Ready for Owners

And the latest developments at BuiltWorlds in this tech round-up
Jeff Yoders
Jeff Yoders
August 13, 2024
No Comments

GPRS acquires Existing Conditions, Oracle releases Primavera Unifier Accelerator and BuiltWorlds offers a robust energy storage technology discussion at its Midwest Forum.


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Acquisitions

Design Giant WSP to Buy Power Engineers Inc. in $1.8B Cash Deal

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James Leggate
Debra K. Rubin
Debra K. Rubin
August 13, 2024
No Comments

Purchase of leading power and transmission design firm that would boost intended parent's stake in energy transition market is set to wrap up in the fourth quarter.


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Airport Infrastructure

FAA Provides $566M to Upgrade Airport Runways, Other Infrastructure

Tom Ichniowski
Tom Ichniowski
August 13, 2024
No Comments

Largest grant in the round is $49.6 million to Kailua/Kona International in Keahole, Hawaii. 


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