North American steel groups calling for infrastructure stimulus spending
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Update time : 2020-07-22 16:16:07
Major North American steel groups recently sent separate cooperation letters to Senate majority and minority leaders urging passage of a broad infrastructure package. The groups are calling for an immediate infusion of at least US$37 billion into the US Department of Transportation (USDOT) to offset the estimated cost of the outbreak.
They said that making sure the USDOT has adequate funding for basic projects was an important first step in the nation's economic recovery. For instance, according to the Federal Highway Administration's National Bridge Inventory, 38% of the nation's 616,000 bridges were in need of repair or replacement.
