President Obama Eyes Infrastructure Improvement
It's not exactly a stimulus plan, but a proposed $3.7 trillion budget plan could add some momentum to various capital construction programs in the years ahead. The plan, presented by President Barack Obama this week, aims to trim more than a trillion dollars from the deficit throughout the next 10 years.
The majority of the proposed savings would come from spending cuts and revenue increases, but the plan also calls for spending increases in areas that President Obama considers to be important parts of the country's future. Such areas include education, energy, and transportation--areas President Obama has continually highlighted as being large parts of this country's ability to compete globally throughout the next few This will most certainly have an impact on infrastructure programs related to these fields, as any new investment would certainly include capital construction programs. Subsequently, as a result of these programs needing to be under tight project management and financial reporting requirements, construction technology will certainly play a role in its success. (Constructech.com)