While contractors are more wary about 2024, most expect strong public sector project spending to buoy the industry even as interest rates could cause a pullback in private development.
Australian firm discloses award for estimated $5B Calcasieu Pass 2 first phase, but construction start still awaits government approval as project faces rising opposition from environmental advocates and others.
Despite a surprisingly strong economy, construction industry executives report that they enter 2024 with much of the same trepidation they faced at the start of 2023.