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President-elect says “Build Back Better” plan will have “historic investments in infrastructure.”

Rep. Earl Blumenauer (D-Ore.), a member of the House Ways and Means Committee, cited ASCE’s study, “Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure Systems,” as ideal starting point for the infrastructure financing discussion.

Borrowers need to note changes in terms and documentation.

$1.4-trillion measure has mostly small boosts or cutbacks for construction accounts in 2021.

Measure also includes funds for water resources, school HVAC, transit, airports and state highways

In last delayed 2020 filing, contractor reported a revenue shortfall linked to COVID-19 but better-than-expected profit; new ruling impacts firm's $300M pollution coverage fight with insurer

Projects are a mix of heavy rail, light rail, streetcars and bus rapid transit.