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Construction Industry News Bulletin: June 13
By Editor
Tuesday - June 13, 2017 4:39 pm     Article Hits:11     A+ | a-
A summary of the news and updates from the heavy construction industry.

 

Create a Federal Cabinet-Level Infrastructure Post, Experts Say

Construction industry leaders recently met in a roundtable format to discuss potential reforms for jump-starting America’s infrastructure development. The event was co-hosted by Stanford University’s Global Project Center and the Stanford Center on Democracy, Development and the Rule of Law.

Full report here.

Global Heavy Construction Equipment Market to Grow 7.7% by 2023

The global construction equipment market has previously faced slowdown owing to sluggish economic conditions and sluggish growth of the construction industry. However, the heavy construction equipment market is expected to grow at a fastest growth rate in the near future.

Full report here

Arizona DOT’s first highway P3 delivering South Mountain Freeway 3 years ahead of schedule

The P3, which involves Connect 202 Partners, allowed for the final piece of the Loop 202 system to be built as a single project, rather than nine individual projects as previously planned. The result: The project will be completed by the end of 2019 – three years ahead of schedule.

Full report here.

Construction Input Prices Flat, but Crude Petroleum Prices Plummet in May, ABC Says

Construction input prices remained unchanged in May, ending five consecutive months of price expansion, according to analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors. Construction input prices expanded 3.4 percent on a year-over-year basis. 

Full report here.

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