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Infrastructure spending promises boom for construction companies

By and Associated Press
Published  June 25, 2021 10:25pm EDT
Washington, D.C.
Associated Press

Infrastructure bill could mean huge impact on your daily life

The infrastructure bill may seem a little abstract, but that money could dramatically impact your daily life.

WASHINGTON - Plans to pump nearly $1trillion into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth. 

READ MORE: Massive I-66 project underway in Northern Virginia

Companies such as Caterpillar, with its heavy machinery, and construction materials company Vulcan Materials could see years of additional business as roads and bridges are rebuilt and buildings are modernized. 

READ MORE: Interstate-270 toll lane project in Maryland suffers major setback

The benefits could be even broader, impacting Sherwin-Williams, United Rentals and others. 

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President Joe Biden announced Thursday that a bipartisan agreement had been reached on a $973 billion infrastructure plan. 

The pared-down plan calls for $559 billion in new spending over five years.