The construction materials industry celebrated the close of 2021 with the passage of the Infrastructure Investment Jobs Act (IIJA). This once-in-a-generation piece of legislation earmarked $1.2 trillion in infrastructure funding, including an additional $550 billion increase over baseline federal funding. Most importantly for the construction materials sector, the IIJA established a new surface transportation reauthorization act and a 30 to 55 percent increase in spending for roads and bridges - overall a positive outlook for the industry.
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