Finance Global construction spending and investment trends; project finance; public-private partnerships; bankruptcy and default; insurance and surety bonding//www.pjbjkak.com/rss/122-finance en-us White House Infrastructure Chief Landrieu Outlines IIJA Progress ichniowskit@enr.com (Tom Ichniowski)

Agencies have allocated $110B in 110 days, infrastructure implementation chief says.

//www.pjbjkak.com/articles/53735 Wed, 09 Mar 2022 13:33:00 -0500//www.pjbjkak.com/articles/53735-white-house-infrastructure-chief-landrieu-outlines-iija-progress
House Passes $1.5T Spending Bill That Would Unlock Full IIJA Highway, Transit Funds ichniowskit@enr.com (Tom Ichniowski)

Recent stopgap bills have put a lower cap on highway, transit funds than IIJA authorized.

//www.pjbjkak.com/articles/53738 Wed, 09 Mar 2022 00:00:00 -0500//www.pjbjkak.com/articles/53738-house-passes-15t-spending-bill-that-would-unlock-full-iija-highway-transit-funds
Fluor 2021 Results Prompt Analysts To Take Notice rubind@enr.com (Debra K. Rubin)

Despite past troubles and remaining bumps, contractor reported gains in year-end results, with the energy transition set to drive a 10% revenue boost this year, executives told analysts Feb. 22.

//www.pjbjkak.com/articles/53696 Wed, 02 Mar 2022 09:57:00 -0500//www.pjbjkak.com/articles/53696-fluor-2021-results-prompt-positive-market-analyst-reviews LNG Canada project LNG Canada project in British Columbia is more than 60% complete, Fluor CEO David Constable said in year-end 2021 results conference call with analysts on Feb. 22.Credit: Fluor Corp.
GSA Divides $3.4B in Infrastructure Act Funds Among 26 Border Station Projects ichniowskit@enr.com (Tom Ichniowski)

Maine and Vermont have largest number of projects in the plan, with five each.

//www.pjbjkak.com/articles/53667 Fri, 25 Feb 2022 17:54:00 -0500//www.pjbjkak.com/articles/53667-gsa-divides-34b-in-infrastructure-act-funds-among-26-border-station-projects
US DOT Seeks Proposals for $1B in Airport Terminal Grants, $450M for Ports ichniowskit@enr.com (Tom Ichniowski)

Airport terminal grant funding is just year one of five-year $5B program.

//www.pjbjkak.com/articles/53658 Wed, 23 Feb 2022 14:30:00 -0500//www.pjbjkak.com/articles/53658-us-dot-seeks-proposals-for-1b-in-airport-terminal-grants-450m-for-ports
UPDATE: Near Deadline, Biden Signs Stopgap Bill, Avoiding Government Shutdown ichniowskit@enr.com (Tom Ichniowski)

New bill still doesn't release full IIJA highway and transit funding.

//www.pjbjkak.com/articles/53645 Thu, 17 Feb 2022 20:55:00 -0500//www.pjbjkak.com/articles/53645-update-near-deadline-biden-signs-stopgap-bill-avoiding-government-shutdown
Infrastructure Law Funds Will Speed Great Lakes Cleanups mcfarlandp@enr.com (Pam McFarland)

EPA plans to spend $1 billion from IIJA to speed cleanups, allowing most key projects in region to be completed by 2030. 

//www.pjbjkak.com/articles/53637 Thu, 17 Feb 2022 15:17:00 -0500//www.pjbjkak.com/articles/53637-infrastructure-law-funds-will-speed-great-lakes-cleanups
Construction Groups Gear Up to Fight Senate Gas-Tax 'Holiday' Bill ichniowskit@enr.com (Tom Ichniowski)

Bill backed by six Democrats would tap general fund to offset Highway Trust Fund revenue loss.

//www.pjbjkak.com/articles/53623 Wed, 16 Feb 2022 16:32:00 -0500//www.pjbjkak.com/articles/53623-construction-groups-gear-up-to-fight-senate-gas-tax-holiday-bill
Dodge: Recovery Across Market Sectors Continues in Second Quarter zevina@enr.com (Alisa Zevin) As the Omicron wave of COVID-19 recedes, Dodge forecasts a strong quarter for construction starts. //www.pjbjkak.com/articles/53607 Tue, 15 Feb 2022 16:07:00 -0500//www.pjbjkak.com/articles/53607-dodge-recovery-across-market-sectors-continues-in-second-quarter DOT, DOE Allocate $615M for US Electric Vehicle Charging Network ichniowskit@enr.com (Tom Ichniowski)

Funds are first installment of infrastructure funding law's formula funds for a national EV network.

//www.pjbjkak.com/articles/53594 Thu, 10 Feb 2022 17:35:00 -0500//www.pjbjkak.com/articles/53594-dot-doe-allocate-615m-for-us-electric-vehicle-charging-network
Insurance Broker Stole NY Contractor's Payment, Indictment Alleges

Broker is accused of stealing $350,000 from his client, a Brooklyn contractor.

//www.pjbjkak.com/articles/53596 Thu, 10 Feb 2022 16:00:00 -0500//www.pjbjkak.com/articles/53596-insurance-broker-stole-ny-contractors-payment-indictment-alleges
Jacobs Buys Analytics Firm StreetLight for Unknown Sum rubind@enr.com (Debra K. Rubin)

Tech purchase comes as firm's Q1 results were below analysts' expectations.

//www.pjbjkak.com/articles/53585 Thu, 10 Feb 2022 14:30:00 -0500//www.pjbjkak.com/articles/53585-jacobs-buys-analytics-firm-streetlight-for-unknown-sum
NTSB Outlines Pittsburgh Bridge Structure Specifics, Finding Collapse Cause Will Take Months ichniowskit@enr.com (Tom Ichniowski)

PennDOT picks HDR-Swank Construction team for rebuild of fallen bridge.

//www.pjbjkak.com/articles/53564 Mon, 07 Feb 2022 17:23:00 -0500//www.pjbjkak.com/articles/53564-ntsb-outlines-pittsburgh-bridge-structure-specifics-finding-collapse-cause-will-take-months
FTA Releases First Installment of IIJA Funds to Transit Systems ichniowskit@enr.com (Tom Ichniowski)

The release covers only part of fiscal 2022 funds; an appropriations measure is needed for the rest.

//www.pjbjkak.com/articles/53558 Mon, 07 Feb 2022 13:59:00 -0500//www.pjbjkak.com/articles/53558-fta-releases-first-installment-of-iija-funds-to-transit-systems
加拿大能源巨头的650美元收购的US Renewables Niche Brookfield Asset Management is set to add 20 GW of solar and battery storage project potential in buying Virginia-based Urban Grid, but sector faces growing hurdles in grid connectivity and supply chain. //www.pjbjkak.com/articles/53553 Sun, 06 Feb 2022 15:55:00 -0500https://www.新利luckenr.com/articles/53553-canada-energy-giants-650m-acquisition-boosts-its-us-renewables-niche ARTBA: Deficient Bridge Number Drops, But Huge Backlog Remains ichniowskit@enr.com (Tom Ichniowski)

Structurally deficient bridges declined 3% in 2021, but more than 43,500 remain.

//www.pjbjkak.com/articles/53544 Wed, 02 Feb 2022 00:00:00 -0500//www.pjbjkak.com/articles/53544-artba-deficient-bridge-number-drops-but-huge-backlog-remains
Agriculture Dept. Awards $1B for Health Centers, Other Rural Facilities ichniowskit@enr.com (Tom Ichniowski) < p >联邦贷款和赠款将有助于构建和upgrade hundreds of rural community facilities in nearly every state.

//www.pjbjkak.com/articles/53514 Thu, 27 Jan 2022 17:23:00 -0500//www.pjbjkak.com/articles/53514-agriculture-dept-awards-1b-for-health-centers-other-rural-facilities
DOT Releases $246M in IIJA Funds To States For Appalachian Highway ichniowskit@enr.com (Tom Ichniowski)

Funds, set for 11 states, are for first year of five-year, $1.25-billion program.

//www.pjbjkak.com/articles/53488 Tue, 25 Jan 2022 16:39:00 -0500//www.pjbjkak.com/articles/53488-dot-releases-246m-in-iija-funds-to-states-for-appalachian-highway
Illinois Bill Would Make Contractors Liable for Subcontractors' Unpaid Wages

The bill has some contractors concerned about added costs and complications.

//www.pjbjkak.com/articles/53479 Mon, 24 Jan 2022 00:00:00 -0500//www.pjbjkak.com/articles/53479-illinois-bill-contractors-liable-subcontractors-unpaid-wages
Corps Spells Out Billions in Infrastructure Act Allocations ichniowskit@enr.com (Tom Ichniowski)

Everglades restoration program receives the largest allotment of roughly $1.1 billion.

//www.pjbjkak.com/articles/53471 Wed, 19 Jan 2022 17:38:00 -0500//www.pjbjkak.com/articles/53471-corps-spells-out-billions-in-infrastructure-act-allocations
Calif., Baltimore, Milwaukee Water Projects Win $688M in EPA Loans

US Environmental Protection Agency says it will provide $7.4 billion this year to State Revolving Funds for water infrastructure projects.

//www.pjbjkak.com/articles/53461 Wed, 19 Jan 2022 16:00:00 -0500//www.pjbjkak.com/articles/53461-calif-baltimore-milwaukee-water-projects-win-688m-in-epa-loans
Hope, and Trepidation, for DC Event Attendees on Infrastructure Fund Flow choa@enr.com (Aileen Cho) Transportation Research Board attendance was down as US COVID-19 cases rose, but participants spoke volumes about efforts underway and risks ahead to wisely spend billions coming to the sector. //www.pjbjkak.com/articles/53444 Mon, 17 Jan 2022 21:45:00 -0500//www.pjbjkak.com/articles/53444-hope-and-trepidation-for-dc-event-attendees-on-infrastructure-fund-flow US DOT Releases 2022 Share of New IIJA $26.5B Bridge Program ichniowskit@enr.com (Tom Ichniowski)

California gets largest funding share, New York ranks second.

//www.pjbjkak.com/articles/53438 Fri, 14 Jan 2022 12:01:00 -0500//www.pjbjkak.com/articles/53438-us-dot-releases-2022-share-of-new-iija-265b-bridge-program
Stalled Maryland Light-Rail P3 Won't Open Until 2026, With Cost Up $1.4B

Purple Line's new JV contractor Dragados-OHL will start in spring as state approves its contract on Jan. 26. Construction tab now is $3.4B, with opening four years past original estimate, say officials.

//www.pjbjkak.com/articles/53421 Thu, 13 Jan 2022 14:40:00 -0500//www.pjbjkak.com/articles/53421-stalled-maryland-light-rail-p3-wont-open-until-2026-with-cost-up-14b
Survey: Growth of Construction Activity Slows in the UK reina@btinternet.com (Peter Reina) Despite improving supply chains and high demand, delays are expected to continue. //www.pjbjkak.com/articles/53376 Mon, 10 Jan 2022 09:02:00 -0500//www.pjbjkak.com/articles/53376-survey-growth-of-construction-activity-slows-in-the-uk Steady Growth Seen for Global Construction After COVID Rebound reina@btinternet.com (Peter Reina) The worldwide sector is set to rise 2.3% a year in real terms, reaching $16.6 trillion by 2030, with four of the 10 fastest growing markets in Asia, says a London-based economic forecaster. //www.pjbjkak.com/articles/53360 Wed, 05 Jan 2022 10:27:00 -0500//www.pjbjkak.com/articles/53360-steady-growth-seen-for-global-construction-after-covid-rebound US DOT Selects Winners for $241M in Grants for Port Upgrades ichniowskit@enr.com (Tom Ichniowski)

Winning projects are in coastal, Great Lakes and inland river locations.

//www.pjbjkak.com/articles/53356 Tue, 04 Jan 2022 15:04:00 -0500//www.pjbjkak.com/articles/53356-us-dot-selects-winners-for-241m-in-grants-for-port-upgrades
Utility Pushes U.K.'s First Big Pumped Storage Hydro Project in 30 Years reina@btinternet.com (Peter Reina) Bechtel, Webuild, Strabag and Dragados are among bidders for the $1.3B, 1.5-GW Coire Glas project in Scotland, but project revenue uncertainties remain. //www.pjbjkak.com/articles/53347 Wed, 29 Dec 2021 09:44:00 -0500//www.pjbjkak.com/articles/53347-utility-pushes-uks-first-big-pumped-storage-hydro-project-in-30-years DinorwigABB.jpg Pumped storage hydro now accounts for 75% of the U.K.'s 4 GW of electricity storage, mainly at the 1,728-MW Dinorwig plant in Wales, commissioned in 1983. Credit: ABB FHWA to Provide $1.4B for Emergency Road Repairs ichniowskit@enr.com (Tom Ichniowski)

Funds go to reimburse 42 states for storms, wildfires and other disasters.

//www.pjbjkak.com/articles/53320 Tue, 21 Dec 2021 18:14:00 -0500//www.pjbjkak.com/articles/53320-fhwa-to-provide-14b-for-emergency-road-repairs
MasTec Expands Power Work In $600M Deal to Buy Henkels & McCoy The deal further diversifies the specialty construction giant's portfolio away from oil and gas related work. //www.pjbjkak.com/articles/53318 Mon, 20 Dec 2021 20:10:00 -0500//www.pjbjkak.com/articles/53318-mastec-expands-power-work-in-600m-deal-to-buy-henkels-mccoy