President Obama has repeated his call for higher federal spending on infrastructure, stating that U.S funding has fallen behind levels in China, Russia and other countries and declaring, "We can no longer afford to sit still." Related Links: Full text of President Obama's remarks U.S. Treasury Dept. Economic Infrastructure Analysis In the latest in a series of statements pushing public-works spending, Obama said on Oct. 11, that "our infrastructure is woefully inefficient and it is outdated." His Rose Garden comments were accompanied by the release of a Treasury Dept.-Council of Economic Advisers report outlining the benefits of higher public-works funding.
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.