Bill Sandbrook, Chairman, President, and CEO of concrete and aggregates producer U.S. Concrete, is optimistic that an infrastructure bill could get passed within the next two years. He cites the results of the 2018 midterm elections as an indication of states being proactive in regards to the construction of infrastructure; since 2013, 29 states have raised their gas taxes to fund projects and California recently killed Proposition 6 that would have cut infrastructure spending.
"U.S. Concrete has 70 projects on its backlog for next year commissioned by the likes of Alphabet’s Google, Nvidia and Facebook. All 70 projects are larger than 20,000 yards, or roughly 11.3 miles. Also on the horizon are a tunnel under New York’s Hudson River, a gateway project linking Newark Airport and New York City, a new terminal at Newark and upgrades at John F. Kennedy Airport, all of which are pending public funding."
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