Congress Approves Billions of Dollars in Construction Funding

Congress passed a Fiscal Year (FY) 2019 appropriations bill – which the president is expected to sign into law – that increases military construction spending by 2.4 percent, and boosts Corps of Engineers funding 11 percent, the most Congress has ever appropriated to the agency, according to the Associated General Contractors of America (AGC).

The bill provides a total of $10.3 billion for projects…

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CRH to Buy Ash Grove in $3.5 Billion Bet on U.S. Cement Growth

In the latest sign of global consolidation among building-materials suppliers, Irish producer CRH Plc agreed to buy family-controlled Ash Grove Cement Co. of the U.S. in a $3.5 billion deal that will reinforce its bet on growth in North America.

CRH will pay shareholders of the Overland Park, Kansas-based cement maker between $449 to $454 per share, according to a statement Wednesday from Ash Grove... Read More