TITLE

Federal Funding Bill and Hurricane Hit Market at Nearly the Same Time

AUTHOR(S)
Powers, Mary Buckner
PUB. DATE
October 2005
SOURCE
ENR: Engineering News-Record;Oct2005 Contractors Sourcebook, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that two events in August 2005, one monumental and the other catastrophic, will set the pace for the nation's transportation and construction industry going forward, hence will influence the economic conditions of the country. On August 10, 2005, U.S. President George W. Bush finally signed into law the very long-awaited SAFETEA-LU, the record $286.5-billion transportation bill--the largest public works measure in the history of the U.S. Less than three weeks later, on August 29, the Gulf Coast suffered the largest natural disaster in U.S. history when Hurricane Katrina came ashore, devastating highway and bridge infrastructure from Alabama to Louisiana. Repair and replacement will run into the billions, with contracting well under way by mid-September.
ACCESSION #
18619220

 

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