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Analyst Blog

Construction Stimulus Breakdown

 ZacksTrade Now


It is estimated that the U.S. House of Representatives' construction-related stimulus proposal, released on 15 January 2009, might exceed $160 billion. The following is an outline of the proposal:

Transportation:
Dept. of Transportation (DOT) federal-aid highways = $30 billion; DOT airport improvement grants = $3 billion; DOT passenger rail = $1.1 billion; DOT transit capital assistance to buy buses, railcars & make facility improvements = $6 billion; DOT transit fixed-guide-way infrastructure = $2 billion; DOT transit capital investment grants for light rail, heavy rail, commuter rail, HOV projects = $1 billion; Army Corps of Engineers (civil works) = $4.5 billion; U.S. Forest Service capital improvement & maintenance = $0.65 billion.

Defense-related:
Facilities improvements = $4.5 billion; hospitals and ambulatory surgical centers = $3.75 billion; Troop housing and child care centers = $1.55 billion; Reserves and National Guard = $0.40 billion; base realignment and closure environmental cleanup = $0.30 billion; VA medical facilities & maintenance projects = $0.95 billion.

Housing/HUD:
Public housing capital fund, repair and construction of public housing units = $5 billion; elderly, disabled, Section 8 housing, energy retrofits = $2.5 billion; native American housing block grants, repairs, rehabilitation = $0.50 billion; community development block grants, for housing, services, infrastructure = $1 billion; neighborhood stabilization fund = $4.19 billion; lead-based paint hazards, remediation, rehabilitation = $0.10 billion.

Schools:
Modernization, renovation, repair = $20 billion; "Impact Aid" school construction = $100 million.

Energy:
Grid investment = $11.0 billion; Western Area Power Administration (WAPA) = $3.25 billion; Bonneville Power Administration (BPA) = $3.25 billion; renewable energy and transmission loan guarantees = $8 billion; energy efficient and renewable energy grants and loans = $8.4 billion; home weatherization assistance = $6.2 billion; carbon capture and sequestration demonstration projects = $2.4 billion.

Health & Human Services:
Community health centers ( new or expanded sites) = $0.50 billion; community health centers modernization = $1 billion; Public Health Service HQ building replacement, $0.88 billion; Centers for Disease Control modernization  = $0.46 billion; National Institutes of Health (NIH) university research facilities renovation & construction = $1.5 billion; NIH campus modernization= $0.50 billion; Homeland Security border patrol facilities, maintenance and repairs + modernization = $0.15 billion; Agriculture Dept. facilities = $0.25 billion; Agriculture Dept. rural facilities = $0.20 billion; Commerce Dept. aid for research science buildings = $0.30 billion; NASA facilities hurricane damage repairs = $0.50 billion; National Science Foundation (NSF) facilities repair grants = $0.20 billion; NSF major research facilities and equipment = $0.40 billion.

Water/Environment:
EPA Superfund = $0.80 billion; EPA leaking underground storage tank cleanup & enforcement = $200 million; EPA clean water = $6 billion; EPA drinking water = $2 billion; EPA brown-fields assessments & cleanup = $0.10 billion; Corps of Engineers = $4.5 billion; Bureau of Reclamation drinking water projects = $0.50 billion; International Boundary and Water Commission (U.S. Mexico) water projects = $0.22 billion.

Other:
General Service Administration (GSA) federal buildings = $7.7 billion; Fish and Wildlife Service for maintenance and construction = $0.30 billion; National Park Service infrastructure maintenance  = $1.7 billion; National Mall (Wash, DC) revitalization = $0.20; U.S. Geological Survey, facilities and equipment repair + restoration = $0.20 billion; Bureau of Indian Affairs, infrastructure = $0.50 billion; Indian Health Service facilities  = $550 billion; Smithsonian Institution facilities maintenance  = $150 million.

Our tax dollars at work!  There appears to be something for everyone!  Let the bidding begin!


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