Amazon's growth plans include opening 517 new facilities, which will add 176 million square feet to its existing 402 million square feet, according to consulting firm MWPVL International. Amazon's warehouse and transportation network almost doubled in size in the 18 months ending in June, but the company still lacked enough space and workers at its warehouses and had to turn goods away as a result.
Three pieces of the bipartisan infrastructure bill moving through Congress are favorable to the development of public-private partnerships. One would boost the cap on private activity bonds, another would provide $100 million in grants for technical assistance with P3 procurement, and the third mandates a value-for-money analysis for projects pursuing credit assistance under certain programs if capital costs reach $750 million or more.
Senators are reviewing and voting on amendments to the Infrastructure Investment and Jobs Act, which proposes spending approximately $1 trillion to maintain and improve infrastructure. The House, which has put forth the Investing in a New Vision for the Environment and Surface Transportation in America Act, "gets to play basically spoiler or victor," says Jimmy Christianson, vice president of government relations at AGC.
Japan's Mitsubishi Chemical plans to build a $915 million plant in Louisiana to make methyl methacrylate. The plant will be the largest of its kind, capable of producing about 10% of global demand for the compound when it opens in four years.
The Texas Department of Transportation has picked a team of Fluor and Austin Bridge & Road for the next step in expansion of Interstate 35 in Dallas. The $640 million project, which covers 6.3 miles, adds and rebuilds lanes and rebuilds frontage roads.
Managers say work is proceeding rapidly on $3.7 billion worth of upgrades to Interstate 66 in Virginia. The Transform 66 project stretches 22.5 miles and includes roadway repaving and replacement of 14 bridges, with much of the interchange bridge work on track to be finished by year-end.
Granite Construction has posted revenue of $964.2 million for the second quarter, up 5.3% compared with Q2 of 2020. Granite's backlog increased 7%, to $4.4 billion, and the company predicts a margin of 5.5% to 7.5% for the full year.
Public-sector construction was down, but the private sector was up, resulting in an overall construction spending gain of 0.1% in June, according to the Commerce Department. The spending total climbed 8.2% on a year-over-year basis.
Tool company Bosch has introduced Bosch Digital Services, which is designed to improve construction management through digital planning. The service's Bluehound product uses Bluetooth tags and the cloud to collect equipment data, while RefinemySite digitizes Last Planner System components for real-time visual sharing on-site and remotely.
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