There has been a lot of talk about the need for increased infrastructure spending in this country for quite some time. Every time a bridge or tunnel fails, this talk tends to pick up. Despite this, I think the prospect for a bill funding more infrastructure spending getting through congress remains long. The lack of economic and growth that the $800B stimulus plan in 2009 actually enabled provides a damper for a new bill moving forward. However, I do think as the economy continues to improve and state budgets start to recover, additional infrastructure spending is on the horizon even without congressional action.
This is good news for engineering & construction firm Tutor Perini (TPC). I have not...
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