Back to top

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!


Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SIGNET JEWE… SIG 116.37 +7.72%
CHYRONHEGO… CHYR 2.72 +5.84%
US SILICA H… SLCA 70.72 +4.00%
MALLINCKROD… MNK 80.11 +2.32%
RF MICRO DE… RFMD 11.76 +2.31%