Virginia OKs start of work on US$3.8 billion Hampton Roads Bridge-Tunnel (USA)

Virginia’s Department of Transportation has issued its approval for the Hampton Roads Bridge-Tunnel’s $3.8 billion project to proceed. Hampton Roads Connector Partners (HRCP) received a notice to proceed for the project, allowing the builder to start interstate and tunnel work in the 9.9-mile corridor. Some preparations have started for the largest roadways project in Virginia’s

Continue Reading

US-Canada rail project to get approval

US president Donald Trump has tweeted that he expects to issue a permit for a rail line connecting Alaska and Canada. The C$22bn / US$16.44bn cross-border rail project will connect the state of Alaska and the Canadian province of Alberta. According to a CBC report, the 2,570km-long project involves the construction of a new rail

Continue Reading

AECOM board to take 20% pay cut

In a response to the financial impact of COVID-19, international engineering consultancy group AECOM has announced that it’s board of directors and top execs will be taking a 20% pay cut. Michael S. Burke has agreed to continue on as CEO, giving the board more time to search for his replacement, as he previously announced that

Continue Reading

Reports claim WSP Global is progressing with discussions to buy Aecom

Canada’s WSP Global Inc. is moving ahead with talks to acquire rival engineering services firm Aecom, reports say. Shares of Aecom rose 7.7% to $51.33 at 10:14 a.m. in New York trading Wednesday, giving the company a market capitalization of about $8.1 billion. WSP Global shares fell less than 1% to C$88.48 in Toronto, valuing it at about C$9.4 billion ($7 billion). Bloomberg

Continue Reading