CT Newsletter November 2024
Construction Today
A vital resource for anyone looking to stay up-to-date on the issues facing companies involved in construction.
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Key highlights in today's edition:
Today's main stories:
?? Environmental debate heats up as NextDecade’s Rio Grande LNG project progresses
NextDecade’s Rio Grande LNG project in Texas continues forward despite ongoing legal battles and environmental concerns. The liquefied natural gas facility, set for construction at the Port of Brownsville, has faced opposition from environmental groups and local communities concerned about ecological impact, climate implications, and displacement risks for nearby populations.
The legal and environmental pushback highlights broader national debates over fossil fuel infrastructure amid climate change efforts. Supporters argue the Rio Grande LNG project will boost local economies and expand US LNG export capacity, while critics point to potential harm to delicate ecosystems and nearby communities.?
??? Construction industry prepares for shifts under Trump’s policies
Construction industry leaders are closely watching Donald Trump’s proposed policy changes, as his campaign signals shifts in trade, taxes, and labor that could have significant impacts. While Trump’s plans aim to bolster domestic production, some construction leaders worry the?changes could hinder project timelines and budgets if costs rise or skilled labor becomes scarcer.
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?? Public vs. private funding shapes US construction spending trends
US construction spending highlights a distinct divide between private and public funding. Private investments primarily drive residential and commercial growth, while public funding is key for infrastructure, education, and healthcare projects. As public-private partnerships grow, the industry aims to balance profitability with addressing essential public needs.
?? New automation drives Haskell’s Jacksonville steel facility expansion
Haskell is investing $5 million to expand its Jacksonville steel fabrication facility, driven by rising demand for steel components. The upgrade will introduce automation to boost production efficiency and capacity, supporting local job growth and enhancing the company’s ability to meet complex project needs.
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