Construction
Top stories summarized by our editors
5/26/2017

Nationally, 44% of highway contractors reported crashes into their work zones last year, but in Indiana, that number is 72%. The Associated General Contractors of America and the Indiana State Police have teamed up on a construction-zone safety project that includes at least a week's worth of radio ads.

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AGC, Indiana State Police
5/26/2017

Renderings for a proposed $700 million, 750-foot residential tower in New York City have been unveiled. Developer Lightstone Group hopes to raise $100 million in EB-5 program funding to advance the project and also will use its own funds and proceeds from a loan.

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Construction Dive
5/26/2017

Miami wants to redevelop the Virginia Key Marina, and at least one company hopes to provide docking for larger boats. Biscayne Marine Partners, GCM Contracting Solutions and Virginia Key LLC have each submitted proposals, one of which is for $113 million.

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Virginia Key Marina, Miami
5/26/2017

Bridge management systems leverage technology already deployed with building information modeling, taking advantage of big data to indicate the best kind of maintenance interventions. This makes for intelligent infrastructure and also leverages high-resolution imagery, mobile data capture and virtual and augmented reality.

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augmented reality
5/26/2017

Motiva, a subsidiary of Saudi Aramco, will invest $18 billion in oil refineries, chemical plants and general operations over the next five years in the Americas. The company declined to point to specific locations or projects, and it's unclear if the announcement was part of the same deal mentioned at the Saudi-US CEO Forum last week.

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Reuters
5/26/2017

Construction could start soon on the $1 billion Hidden Ridge development in Irving, Texas. The project will include retail, hotel, office and residential space, and a new rail line will connect it with downtown Dallas and the Dallas/Fort Worth International Airport.

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Dallas
5/26/2017

The IHS Markit PEG Engineering and Construction Cost Index indicates that both labor and materials/equipment costs rose in May, but at a slower rate than in recent months. This was the seventh consecutive month of increases.

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ForConstructionPros
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Markit PEG Engineering
5/26/2017

Changing weather patterns can stress existing infrastructure. A paper in the Institution of Civil Engineering Journal of Forensic Engineering draws together "available information to provide a solid basis that can be used for future plans involving infrastructure."

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The Guardian (London)
5/26/2017

Traffic on Colorado's E-470 increased 7% in 2016, the fourth straight year of increases. The E-470 Public Highway Authority started a $90 million project last year to widen a stretch of the road from four lanes to six, and it also has future expansion plans.

5/26/2017

Kapsch TrafficCom has been awarded a $25 million contract to design, build, operate and maintain a tolling system in Rhode Island that will collect tolls from trucks. The system is expected to net the state $42.3 million per year after paying $2.5 million annually to Kapsch.

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Kapsch TrafficCom