Construction
Top stories summarized by our editors
12/18/2018

Google will spend $1 billion on a 1.7 million-square-foot Hudson Square campus in New York City with two buildings on Hudson Street and one on Washington Street. The company plans to occupy the Hudson Street locations in 2020 and the Washington Street building in 2022.

12/18/2018

Balfour Beatty has topped off construction on a 25-story luxury apartment tower in a $1.5 billion mixed-use development in Frisco, Texas. When the tower opens next fall, it will be one of the tallest buildings in the city.

12/18/2018

Officials in Lansing, Mich., near Michigan State University turned shovels for McLaren Greater Lansing's $450 million medical campus, which will feature a 240-bed hospital. The project is expected to begin in 2019 and create 2,500 construction jobs.

12/18/2018

Nebraska needs to spend $12.5 billion before inflation in the coming two decades to address a wide range of bridge, road and highway work, Nebraska Department of Transportation Director Kyle Schneweis says. He points to such efforts as the construction of the Lincoln South Beltway, expansion of Interstate 80 and developments to support autonomous vehicles.

12/18/2018

A recent report by the Transportation Research Board supports the expanded use of tolls and increased motor-fuel taxes to fund transportation infrastructure improvements in the US. "The consensus report takes dead aim at the biggest obstacle to rebuilding our interstate highways: insufficient funding," says IBTTA Executive Director and CEO Patrick Jones.

Full Story:
Transportation Today
12/18/2018

The New York Thruway Authority is expected to complete open-road tolling conversions in Westchester and Rockland counties this week. Drivers will continue to drive through the old toll plazas until the booths are removed.

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Thruway Authority
12/18/2018

Hours of congestion increased 14% in the Portland, Ore., metro area between 2013 and 2015, write Tammy Baney, Oregon Transportation Commission chair, and Alando Simpson, a member of the commission. They argue that congestion-based tolling could provide some relief, while toll revenue could be used to improve the region's infrastructure, including widening Interstate 205.

12/18/2018

Nio and Xpeng are two Chinese-based electric car companies poised to have a major impact on the market. Nio is bringing its second electric SUV to market in 2019, and Xpeng plans to sell its first commercially available vehicle for around $33,000.

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CNBC
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Nio
12/18/2018

Kapsch TrafficCom has been awarded two contracts in Australia totaling more than $22.6 million. The contracts cover providing tolling systems for the West Gate Tunnel Project and the M4-M5 Link Main Tunnel Works Project, part of the WestConnex Program.

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West Gate Tunnel Project, Kapsch
12/18/2018

Road assets owned by the failing IL&FS Group are being auctioned off by a government-appointed board in India. Offers are being taken for eight toll projects, seven operating annuity projects and four projects under construction.

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The Times of India