Tag Archives: Infrastructure

Most expensive places to build: Tokyo tops list in new report

Turner & Townsend released its 2021 International Construction Market Survey (ICMS), where Tokyo topped the list of most expensive places to build for the first time, followed by Hong Kong in second place.

This major data-led study of construction costs in 90 global markets found U.S. cities high among global rankings, with San Francisco as the third most expensive city to build anywhere in the world (at an average cost of $3720 per … Continue reading Most expensive places to build: Tokyo tops list in new report

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$9.6B-worth projects delayed or canceled due to pandemic

According to a report by the American Road & Transportation Builders Association (ARTBA), infrastructure projects of more than $9.6 billion have been delayed or canceled due to the COVID-19 pandemic. While many projects continue as transportation construction is deemed essential, state and local governments and transportation authorities are beginning to feel the strain of declining revenues related to user fees and the overall slowdown in economic activity, ARTBA said.

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