Constructiondive

The deal depends on the approval of a financing plan by the city and Hillsborough County, Florida, expected over the coming weeks, per the Tampa Bay Times.

As environmental concerns and surging tech builds draw more focus to water, new plants and infrastructure upgrades will continue to drive demand, said exec Jaren Murphy.

The Federal Railway Administration earmarked funding to close more than 30 grade crossings and upgrade over 1,000 others with new infrastructure and technology, according to the release.

Global investment firm SoftBank backed the Swiss startup, which uses its proprietary machinery to turn heavy equipment into autonomous robots.

The builder will team with Bowen Collins & Associates to transform a 110-year-old canal into a pressurized system.