Meridiam-led Consortium Successfully Reaches Financial Close on SR 400 Express Lanes Project
WASHINGTON, DC – Meridiam, together with Acciona and ACS Infrastructure—known as the SR 400 Peach Partners consortium (the “Consortium”)—today announced its SR 400 Express Lanes Project (the “Project”) has successfully reached financial close. The financial close comes after the Georgia Department of Transportation (GDOT) named the Consortium as Best Value Proposer in August 2024 and the Project reached commercial close in November 2024. Construction is expected to be completed by Spring 2031....
New ACE research reveals engineering consultancy as unsung driver of UK growth
Research shows sector is supporting jobs and driving economic impact New research reveals engineering consultancy generates enough tax to pay for 200,000 nurses and employs more people than the city of Bristol. The research, conducted by Oxford Economics on behalf of the Association for Consultancy and Engineering (ACE), reveals the sector as the critical backbone of national growth and productivity. Far from the spotlight typically shone on AI, fintech or life sciences, engineering co...
USACE, Chicago District receives more than $255 million in Civil Works Appropriations for continuation of FY25 work plan
CHICAGO, IL — The U.S. Army Corps of Engineers, Chicago District will receive a total of $255.3 million in funding under the Army Civil Works Programs. The amount covers costs for construction and operation & maintenance on projects on the FY25 work plan. The Chicago District’s area of responsibility includes water resource development in the Chicago metropolitan area, upper Illinois River watershed, Lake Michigan watershed in Wisconsin and upper Wabash River watershed in Indiana, covering an ar...
Xylem Reports First Quarter 2025 Results
Revenue of $2.1 billion, up 2% on a reported and 3% on an organic basis Earnings per share of $0.69, up 10%; $1.03 on an adjusted basis, up 14% Reaffirming full-year 2025 adjusted earnings per share guidance WASHINGTON - Xylem Inc. (NYSE: XYL), a leading global water solutions company dedicated to solving the world’s most challenging water issues, today reported first-quarter 2025 results. The Company delivered total revenue of $2.1 billion, on strong execution and demand, partially o...
PERENfra announces Perennial Infrastructure Fund I
DENVER - PERENfra LLC (“PERENfra”) today announced the launch of Perennial Infrastructure Fund I™ (the “Fund”), a private investment fund focused on core water infrastructure assets. The Fund aims to provide investors with income and long-term capital appreciation through investments in safe, sustainable, efficient water solutions in a growing industry. With a target size of $125 million, the Fund has successfully closed multiple limited partner (LP) commitments and is seeking to be fully s...
U.S. Tariffs on Steel and Aluminum Cast a Shadow on Capital Projects Under Construction
On February 10, 2025, President Donald Trump ordered the imposition of a blanket 25% tariff, effective on March 12, 2025, on all steel and aluminum imports, including those from Canada and Mexico. This has triggered a surge in the share prices of U.S. steel and aluminum producers but simultaneously fueled concerns about the profitability or even viability of many future capital projects in the U.S. Here are our key insights: -- Many capital projects under development in the U.S. will unavoida...
Xylem Reports Fourth Quarter and Full Year 2024 Results
Fourth-Quarter Highlights Orders of $2.2 billion, up 7% on a reported and organic basis Revenue of $2.3 billion, up 7% on a reported and organic basis Earnings per share of $1.34, up 22%; $1.18 on an adjusted basis, up 19% Full-Year Highlights Revenue of $8.6 billion, up 16% on a reported basis and 6% organically Earnings per share of $3.65, up 31%; $4.27 on an adjusted basis, up 13% 2025 full-year adjusted earnings per share guidance range of $4.50 to $4.70 WASHING...
Regional Transportation Authority of Central Oklahoma awarded a federal grant to evaluate at-grade rail crossings along the proposed RTA commuter rail corridor
CENTRAL OKLAHOMA – In partnership with the Oklahoma Department of Transportation (ODOT), the Regional Transportation Authority (RTA) of Central Oklahoma has been awarded $400,000 through the Railroad Crossing Elimination Program (RCE) by the U.S. Department of Transportation. The proposal will evaluate 52 at-grade crossings from Edmond to Norman ahead of the RTA’s Commuter Rail Project. The RCE project will analyze various suitable strategies, balancing the community's needs and safety agains...
Department of Transportation Announces Over $229 Million to Repair Roads and Bridges Damaged by Natural Disasters and Extreme Weather Events
WASHINGTON – As part of the U.S. Department of Transportation’s coordinated approach to help states repair and rebuild roads and bridges, the Federal Highway Administration (FHWA) announced it is providing $229.9 million of Emergency Relief funds to 26 states, Guam and Puerto Rico. The funds will be used to support repair needs following natural disasters, catastrophic events, and extreme weather such as flooding, wildfires, hurricanes, and mudslides. Repairs resulting from these events will rec...
INVESTING IN AMERICA: Biden-Harris Administration Announces $635 Million in Awards to Continue Expanding Zero-Emission EV Charging and Refueling Infrastructure
New investments from the Bipartisan Infrastructure Law will add more than 11,500 electric vehicle charging ports and expand hydrogen and natural gas fueling infrastructure in communities nationwide WASHINGTON – Today, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced $635 million in grants to continue building out electric vehicle (EV) charging and alternative fueling infrastructure with funding from the Bipartisan Infrastructure Law’s signature zero...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
