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US Market Construction
Update Conservation and
Development Construction


Spending on conservation and development construction in 2001 will increase 10% after a slight 1% decrease in spending in 2000. The level of spending should then grow 5% to 6% through at least 2006. Growing public concern about conservation and development and the resultant political attention to this area is causing the spending increase.

The almost $6.5 billion that will be spent on conservation and development in 2001 includes several large federally funded projects. The federal budget boosted funding for high-priority environmental and natural resource programs by 11% over 2000. These projects include funding for the Lands Legacy initiative (designed to conserve federal lands, protect local green space, and restore ocean and coastal resources) and for strengthening the farm safety net through conservation. Better America Bonds are also part of this program.


The bonds will help state, local, and tribal governments finance environmental projects such as enhancing green spaces, protecting water quality, and cleaning up brownfields. Recovering the Pacific salmon, accelerating Endangered Species Act efforts, and enhancing the stewardship of National Treasurers are also covered in the budget. The Department of Defense environmental restoration program received an increase in its budget and will receive an additional increase in 2002.

Reprinted with permission from 2001-2002 U.S. Construction Markets Update, FMI Corporation, 919.787.8400. For more information, visit www.fminet.com or call Angela Blackburn at 919.785.9220.

 



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