Elon Musk wants to build a 35.3-mile loop that would transport passengers at up to 150 miles per hour -- taking them from Washington, D.C., to Baltimore in as little as 15 minutes. The Transportation Department on Wednesday issued a draft environmental assessment for the loop, addressing surface-level noise and vibration effects.
One Central, a major transit center and megadevelopment Landmark Development wants to build over train tracks near Soldier Field in Chicago, could create 210,000 jobs and generate $120 billion in revenue, according to a Chicagoland Chamber of Commerce report supporting the effort. The project, which could cost up to $19 billion, would include a 34-acre platform and 20 million square feet of skyscrapers.
S&B Construction is putting the final touches on initial site and foundation work on LyondellBasell's multimillion-dollar fuel additives unit at its chemical plant in Bayport, Texas. The work is part of the facility's $2.4 billion expansion, which is expected to create 2,230 construction jobs at peak construction.
The Denver International Airport terminal renovation project reportedly is a minimum of 18 months behind schedule and won't be finished until 2023. The delays have largely been due to concerns regarding the strength of the aging concrete at the terminal.
A joint venture among Brown and Root, Massman Construction, Parsons Construction and Traylor Bros. won a construction manager at-risk contract to build a $700 million diversion structure in Louisiana to help restore the state's wetlands. The delivery model will allow the joint venture to offer insight into the project's cost, constructability and schedule.
The first phase of Caydon's 2.5 million-square-foot Laneways mixed-use development in Houston features a $200 million residential tower built by Hoar Construction. The development is part of a larger uptick in multifamily construction in Houston.
One reason autonomous vehicle technology has not gained traction in the construction market is that heavy machinery often operates in challenging environments where its performance can be compromised, Andrew Boushie of Ainstein writes. However, combining lidar, radar and camera data can offer enhanced accuracy and reliability despite dust, ground level changes or weather conditions.
The construction industry has been slow to adopt leading-edge technology, but governments can help change that by investing in training programs, increasing transparency, creating meaningful incentives for construction companies, setting bold goals and assuming a greater share of the risk associated with new innovation, five experts at McKinsey write.
Most construction companies struggle with financial volatility, but while the state of the global economy is out of their control, they can help themselves by making good choices on technology investments and business models, Kenny Ingram writes. He suggests using building information modeling in tandem with enterprise resource planning and using internet of things technology to maximize asset services.
A second set of guidance on opportunity zones from the Treasury Department this week gives greater flexibility for investments and provides more clarification.
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