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.
The state funds are earmarked for construction at the Albany NanoTech Complex and purchase of advanced equipment for semiconductor chip research and development.