Tag: multibilliondollar
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Construction starts surge 21%, led by multibillion-dollar projects
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. A surge of megaproject groundbreakings jolted construction kickoffs into higher gear in October, as 10 projects valued at $1 billion or more got underway, according to Dodge Construction Network. Total construction starts jumped 21.1% in October to…
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WSP eyes Jacobs with multi-billion-dollar offer: report
Dive Brief: Canadian infrastructure giant WSP offered to buy Dallas-based Jacobs for a multi-billion-dollar sum, according to an Oct. 24 report from StreetInsider that cited one unidentified source. Jacobs hired investment bank Centerview Partners to review WSP’s bid, which had both a stock and cash component but consisted mostly of stock, according to a research…
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How transit leaders learned to handle multibillion-dollar megaprojects
“We are all dealing with infrastructure that is aging,” said Massachusetts Transportation Secretary Monica Tibbits-Nutt, who moderated a panel on megaprojects at this year’s American Public Transportation Association conference in Boston, where leaders talked through the challenges and lessons learned from these multibillion-dollar endeavors. “We are dealing with communities that are changing, and these are…