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Article: United States: CRH, Hochtief Look to US Stimulus Plan to Help Ride Out Slump.
- Article from:
- TendersInfo
- Article date:
- November 15, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
CRH Plc of Ireland and Hochtief AG and Siemens AG of Germany lead a list of European building and engineering companies that may benefit from emergency U.S. spending on roads, bridges and power plants.
Faced with what may be the worst recession in a quarter- century, U.S. President-elect Barack Obama has pledged to create a National Infrastructure Reinvestment Bank, financed with $60 billion in federal funds over 10 years. He also plans a $25 billion ``Jobs and Growth Fund'' to prevent reductions in road and bridge maintenance.
Momentum exists in Congress for a stimulus package that would help building-material suppliers, CRH ...