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Illinois passes USD45 bn construction bill

The US state of Illinois is to spend USD45 billion on the construction and refurbishment of roads, sewers, schools and parks over the next six years.

On signing the bill, Illinois Governor Jay Robert Pritzker said: “Together we passed the largest, most robust capital plan in this state’s history. We are investing USD45 billion over six years to fix what is broken and repair what is needed.”

USD33 billion has been earmarked for transportation projects, while state facilities will receive approximately USD4.3 billion worth of investment. In total, USD4.7 billion has been allocated to environmental and educational projects.

The necessary funds for the state-wide plan will come from a combination of tax increases and legislation changes.

Heavy Lift | News

ICTSI inaugurates berths at BGT  thumbnail image

ICTSI inaugurates berths at BGT 

October 28 - International Container Terminal Services Inc (ICTSI) has inaugurated two berths at the port of Umm Qasr, Iraq. 
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US Ex-Im Bank signs MoU with Iraq thumbnail image

US Ex-Im Bank signs MoU with Iraq

October 18 - The US Export-Import Bank (Ex-Im) has signed a memorandum of understanding (MoU) with Iraq’s Ministry of Finance aimed at enhancing trade and economic cooperation between the two countries.
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