The Port of Charleston has seen a 10.6% increase in revenue since larger ships began using the port after the widening of the Panama Canal, and economists says the port's decision to expand to accommodate the ships has been a huge economic driver. Michelin, BMW and other companies have announced expansion plans since the port's improvements, and a recent study says 1 in 11 jobs in South Carolina is linked to the port.
Baltimore promised the US Environmental Protection Agency in a 2002 consent decree that it would reduce sewage discharge in the Chesapeake Bay and the Inner Harbor, but it never completed the work. A federal judge has signed off on a new decree that requires the city to invest $1.6 billion to improve sewerage facilities at the Back River Wastewater Treatment Plant by 2021 to reduce the discharge.
Kiewit says much more excavation work and concrete will be needed than originally estimated to rebuild the spillway at the Oroville Dam in California, and the state has altered plans and now requires twice as much concrete, all of which is driving up the project's cost from $275 million to over $500 million, excluding initial emergency response work. The collapse of the spillway nearly caused the dam to fail, and the state hopes the federal government will pick up the bulk of bill for the repairs.
Lyft has received $1 billion in new financing led by Alphabet's investment fund, CapitalG. The financing is in addition to $600 million raised six months ago, and Lyft said the funds will increase the company's valuation to $11 billion.
An inflatable habitat may be orbiting the moon by 2022, thanks to a partnership between Bigelow Aerospace and United Launch Alliance. ULA's Vulcan launch vehicle will place the module in low lunar orbit to serve as a depot or base station for missions to the moon and beyond.
Searching for the ideal light-attack aircraft to support ground troops in battle, the US Air Force is weighing a cost-effective return to old-tech, prop-driven planes like the legendary A-1E Skyraiders used effectively in the Vietnam War. Three turboprops recently were put to the test along with one jet in New Mexico trials.
The Colorado Transportation Commission has unanimously approved the allocation of $250 million to widen Interstate 25 and add toll lanes in each direction -- if the federal government comes up with the $100 million more the project will cost.
R. Richard Geddes, a visiting scholar at the American Enterprise Institute, believes public officials in the US need to better understand how public-private partnerships work so they can discover the benefits of the infrastructure projects. He contends that private companies in a P3 usually assume cost overrun risks, which gives them an incentive to keep things under control.
Five firms are under consideration for a $30 billion contract to operate the first section of high-speed rail in California, and the state's High-Speed Rail Authority was expected to choose DB Engineering & Consulting USA on Thursday because of its "experience and technical acumen." However, the authority made no award after Spanish rail operator Renfe raised objections, saying it had a lower bid and scored the best on the technical section of the RFP.
A $1.2 billion loan for private companies involved in building private toll lanes on Interstate 66 in Virginia has been approved by the federal government. The final design will be the focal point of public hearings next month, and construction could begin by year's end.
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