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Tag: infrastructure funding


Construction Processes, Financial

AECOM raises guidance amid higher profits, lower revenue

August 9, 2022

Via: Construction Dive

Adjusted earnings per share, which excluded certain charges for the quarter, came in at 86 cents per share, besting Wall Street analysts’ expectations of 82 cents, according to stock analysis site Seeking Alpha. But total revenue missed analysts’ expectations by […]


News

Arizona establishes task force for federal infrastructure funding

April 25, 2022

Via: Roads & Bridges

Arizona has launched a task force to ensure the “efficient and effective” use of funds coming from the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA). The task force will match state-level infrastructure “priorities and investments” with federal funding opportunities. […]


Construction Processes, Financial

Gas tax suspension would erode infrastructure funding, road builders say

March 22, 2022

Via: Construction Dive

The governors who signed a letter of support on Feb. 6 for passage of the Gas Price Relief Act include: Tony Evers of Wisconsin. Gretchen Whitmer of Michigan. Tim Walz of Minnesota. Jared Polis of Colorado. Michelle Lujan Grisham of […]


Construction Processes, Financial

The public contractors poised to benefit most from infrastructure funding

November 22, 2021

Via: Construction Dive

The morning after the $1.2 trillion bipartisan infrastructure bill passed the House of Representatives earlier this month, dozens of stocks tied to construction experienced a boost, with some funds even passing record highs, according to CNBC. The package, which President […]


Construction Processes, Financial

House Panel Clears $40B for Infrastructure in Emerging Budget Package

September 15, 2021

Via: ENR

A key House committee has approved an infrastructure funding boost of more than $40 billion—including money for transit, highways, wastewater treatment and buildings—as part of the sweeping $3.5-trillion budget reconciliation package the chamber is now assembling. After a 15-hour meeting […]


News

Construction firms could face increased taxes, despite no rate hikes for infrastructure plan

August 4, 2021

Via: Construction Dive

How much corporations pay in taxes has received widespread scrutiny this year, as President Joe Biden and congressional lawmakers have considered raising taxes to support new infrastructure funding and other programs. Construction companies, which stand to directly benefit from that […]