Whether you were "with her" or making "America Great Again" - the polls came in and Trump won. After the initial shock and subsequent stock market drop, certain stocks shot up. One industry seeing growth in the market is construction. So, where does Trump stand on construction policies and how will this affect the industry.
Trump has committed to massive increases in infrastructure spending. His plan is to spend about $1 trillion on road, bridges, and other infrastructure projects over 10 years. Fluor was up 9.3%, Tutor Perini was up 11.8%, and Jacobs Engineering was up 9.38% among others.
Below read Trump's infrastructure plan via donaldjtrump.com.
- Transform America's crumbling infrastructure into a golden opportunity for accelerated economic growth and more rapid productivity gains with a deficit-neutral plan targeting substantial new infrastructure investments.
- Pursue an "America's Infrastructure First" policy that supports investments in transportation, clean water, a modern and reliable electricity grid, telecommunications, security infrastructure, and other pressing domestic infrastructure needs.
- Refocus government spending on American infrastructure and away from the Obama-Clinton globalization agenda.
- Provide maximum flexibility to the states.
- Create thousands of new jobs in construction, steel manufacturing, and other sectors to build the transportation, water, telecommunications and energy infrastructure needed to enable new economic development in the U.S., all of which will generate new tax revenues.
- Put American steel made by American workers into the backbone of America's infrastructure.
- Leverage new revenues and work with financing authorities, public-private partnerships, and other prudent funding opportunities.
- Harness market forces to help attract new private infrastructure investments through a deficit-neutral system of infrastructure tax credits.
- Implement a bold, visionary plan for a cost-effective system of roads, bridges, tunnels, airports, railroads, ports and waterways, and pipelines in the proud tradition of President Dwight D. Eisenhower, who championed the interstate highway system.
- Link increases in spending to reforms that streamline permitting and approvals, improve the project delivery system, and cut wasteful spending on boondoggles.
- Employ incentive-based contracting to ensure projects are on time and on budget.
- Approve private sector energy infrastructure projects-including pipelines and coal export facilities-to better connect American coal and shale energy production with markets and consumers.
- Work with Congress to modernize our airports and air traffic control systems, end long wait times, and reform the FAA and TSA, while also ensuring that American travelers are safe from terrorism and other threats.
- Incorporate new technologies and innovations into our national transportation system such as state-of-the-art pipelines, advancements in maritime commerce, and the next generation of vehicles.
- Make clean water a high priority. Develop a long-term water infrastructure plan with city, state and federal leaders to upgrade aging water systems. Triple funding for state revolving loan fund programs to help states and local governments upgrade critical drinking water and wastewater infrastructure.
- Link increased investments with positive reforms to infrastructure programs that reduce waste and cut costs. Complete projects faster and at lower cost through significant regulatory reform and ending needless red-tape.
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