A supplementary, $50 billion (¥4.015 trillion) budget passed by the Japanese Diet last week to aid regions damaged by the earthquake and tsunami of March 11, 2011, will focus resources on quickly repairing roads and port facilities, debris removal and support for disaster survivors. A second, much larger supplementary budget is expected to follow for full-scale reconstruction later this summer, according to the Tokyo-based, English language newspaper, the Daily Yomiuri. By Tom Sawyer Supplementary budget passed this week by the Japanese Diet to fund disaster reconstruction and relief after the March 11 earthquake and tsunami has $7.5 billion to support
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.