Industry Ready to Dive Into Infrastructure Projects After Bill Passes

Constuction Equipment Guide By LUCY PERRY – CEG CORRESPONDENT December 1, 2021

The ink is still drying on the Infrastructure Investment and Jobs Act (IIJA) as the construction industry awaits bid-letting and Congress turns to the reconciliation budget bill. After a long, hard-fought battle for funding, the industry is ready to get to work on these broad-spectrum infrastructure projects, which will color the national construction picture for years to come. "America finally has a generation-defining infrastructure bill — and if the reconciliation budget comes through, too, America will begin a building spree larger than what happened during the New Deal," observed Brookings Institution. It's "worth pausing to consider" the enormity of the total investment if both proposals become law, said the think-tank: The current House reconciliation version proposes roughly $500 billion in new infrastructure spending over 10 years, the organization noted.

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