Construction-in-progress spending climbs higher, with Top 25 firms accounting for 60%, as economists predict a megaproject boom will compound resource challenges.
The city of Chicago's new five-year capital plan calls for road, sewer and Lake Michigan and Chicago river work, but requires $1.4 billion in new borrowing for the first two years alone.
Tuesday, Nov. 3, proved to be a good day at the polls for infrastructure funding, with voters in eight states endorsing a variety of ballot measures aimed at generating new revenue for transportation and related projects.
Congress has passed a new budget blueprint that would provide relatively modest increases in federal spending for the current fiscal year and the next one. That could provide a boost for construction programs.