Lobbyists representing interests more than a thousand miles from Hurricane Sandy’s landfall competed with East Coast beach towns and utilities when U.S. lawmakers drafted their storm-relief legislation.
If the first segment of Manhattan’s Second Avenue subway opens on schedule in 2016, New Yorkers will be reminded that it was once “the line that time forgot” -- a project more than 75 years in the making, with no end in sight. It should be remembered for another failing as well: It will be one of the most expensive subways in the world.
Abu Dhabi’s Union Railway Co., which plans to link the United Arab Emirates via cargo and passenger trains, awarded project management and engineering contracts, Chief Executive Officer Richard Bowker said.
Amtrak, the U.S. long-distance passenger railroad, is turning its sights from private investors toward governments to fund the beginning of a $151 billion plan for bullet trains between Northeast cities by 2040.
The U.K. government plans to spur use of Britain’s green technology and financial expertise for geothermal and wind power projects in Ethiopia, Kenya and Tanzania by tapping billions of pounds of state funds.
Balfour Beatty Plc , Britain’s biggest building company, is seeking takeover targets for its Parsons Brinckerhoff unit to broaden the reach of the New York- based project-manager, Chief Executive Officer Ian Tyler said.
Creditors of Battersea Power Station asked a court to put the landmark property’s owner into administration the day after U.K. Chancellor of the Exchequer George Osborne backed a London Underground extension to boost the area’s development.