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Energy, megaprojects dominate 2019 US construction industry 

Kim Slowey of Construction Dive Magazine, looking back on 2019, writes that the dollar value of U.S. construction starts was almost level with that of 2018, but there was a shift in the type of projects moving forward.

Energy-related developments of $1 billion or more with a major engineering component dominated U.S. starts, while starts for mid-size and smaller projects were down 15% in the fourth quarter. ​

The potential for a boom in the $1 billion or more category will be driven by:

  • major transportation-related projects at airports;
  • municipal rapid transit projects;
  • the pursuit of regional high-speed rail;
  • a flourishing energy sector that has already resulted in a proliferation of gas plant, oil refinery and LNG projects. ​

Click here for a deeper look at construction statistics through the first three quarters of 2019, and projections for the new year.

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