he U.S. construction sector has started 2023 on the right foot,
sustained by the sudden acceleration of the non-residential segment and particularly by large infrastructure projects.
According to many analysts, 2023 should bring sizable increases in investments and the development of long term projects that state administrations had been considering for some time.
A Dodge Construction report shows a 27% increase in new starts in December 2022, the first rise since 2017.
Much of this leap was due to the start of construction of large projects such as the Golden Triangle Ethylene Cracker plant, worth $8.5 billion in Orange, Texas;
AltAir/World Energy’s new $2 billion renewable energy facility in Paramount, California;
the Champlain Hudson Power Express power line in New York, a $2.2 billion project;
a New Fortress Energy Louisiana LNG terminal in Grand Isle, worth $1.2 billion;
and the $535 million solar power plant by Black Diamond in Illinois.
The new business of college stadiums
Florida's expansion and Lane Construction's projects
All the projects receiving federal funds
#infrastructure#construction#future
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