Construction industry groups are hopeful the House’s swift passage of a multiyear authorization for wastewater funding bodes well for final congressional approval this year. The measure, which the House approved on March 5 by a 317-101 vote, would authorize $19.4 billion for wastewater infrastructure over the next five years. Of the total, $13.8 billion would go for Clean Water state revolving funds (SRFs), the principal financing source for wastewater projects. Funding would start at $2.4 billion in fiscal 2010, rise to $2.7 billion in 2011, then climb $100 million a year after that, to $3 billion in 2014. Clean Water
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.