It is estimated that $100 billion of new infrastructure projects have been delayed due to the reduced credit market. Coupled with construction materials cost inflation, fewer contracts are going out to bid, resulting in 52,000 lost construction jobs and a further deteriorating national infrastructure. Over the past year, AGC has met with congressional leaders, sent strong messages to both the House and Senate, and signed on to letters from transportation related coalitions in support of infrastructure investment. Speaker Pelosi has indicated that the Economic Forum will help Congress develop a plan that will create jobs by building roads, bridges and highways.
"Construction has always been an engine of economic stimulus and can play that role once again," said Sandherr. "Increases in infrastructure investment can be quickly put into play and will have a direct, immediate and dramatic impact on the economy."
CONTRACTORS URGE HOUSE DEMOCRATS TO INCLUDE INFRASTRUCTURE INVESTMENT IN RECOVERY PLAN
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