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Wall Street, public construction firms eager for Biden’s infrastructure push

February 2, 2021

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The trend is developing as professional and individual investors alike game which publicly traded construction companies are likely to snare a windfall from Biden’s infrastructure push. While the plan is forthcoming, the president pegged it at as much as $2 trillion in the weeks leading up to his inauguration.

Construction companies, and their investors, have taken notice of that number.

“While the new administration is just getting started, we expect that bill to support the repair and expansion of existing highway and bridge systems,” said David Constable, Fluor’s CEO, during the company’s strategy day presentation last week. “Fluor is well positioned to take part in this U.S. stimulus initiative.”

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