How Is New York Setting The Tone For Public Infrastructure Projects?
Wednesday May 2, 2012
Heavy construction companies will want to keep an eye on what’s happening in New York. The Metropolitan Transportation Authority is planning some major projects, according to an article on TheEpochTimes.com. But the article raises an interesting question: When you think about upgrades, do you fix what you’ve got or do you start over?
The article discusses the pros and cons of this question and outlines why sometimes you might be better starting a whole new project. It’s important for large construction companies to stay up-to-date on this so they can understand the broader trends.
There are currently four mega-projects centered around Manhattan, but that’s not the only place expansion is occurring. According to the article, MTA Chairman and CEO Joseph Lhota “also sees expansion as enlarging the existing system by increasing the number of riders it can handle.” This is another opportunity for heavy construction companies to make bids.
Renovating the subway system is just one way MTA hopes to expand. Repairing signals, tracks and stations are a few of the changes in the works.
Lhota also supports Amtrak’s proposed Gateway Project — which would create a tunnel under the Hudson River and connect New Jersey to a new building at Penn Station — and extending the Metro-North trains to the West Side as part of the possible expansion.
Source: The Epoch Times, April 2012