The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of the Administration’s final rule reforming the National Environmental Policy Act Permitting Process:
“This updated review process will make it easier to rebuild aging infrastructure, attract private investment, support efforts to reinvigorate our economy and continue to provide strict protections for the environment. Given the broad, bipartisan support for improving infrastructure, these common-sense reforms should be widely embraced and supported.
“Significantly, under the final rule, projects still undergo an environmental review with public input. The key difference is that those reviews will last months, instead of years and it will become slightly harder for special interests to delay the process with unmerited lawsuits. Notably, the substantive environmental laws and requirements that come into play on every construction project remain unchanged.
“At a time when both political parties understand the best way to support the economy is by investing in infrastructure, this new rule will help ensure that civil works funding and public-private partnerships help create needed jobs and deliver results, instead of being mired in red tape and squandered on endless legal squabbles.”
Related Stories
Market Data | Aug 22, 2018
July architecture firm billings remain positive despite growth slowing
Architecture firms located in the South remain especially strong.
Market Data | Aug 15, 2018
National asking rents for office space rise again
The rise in rental rates marks the 21st consecutive quarterly increase.
Market Data | Aug 13, 2018
First Half 2018 commercial and multifamily construction starts show mixed performance across top metropolitan areas
Gains reported in five of the top ten markets.
Market Data | Aug 10, 2018
Construction material prices inch down in July
Nonresidential construction input prices increased fell 0.3% in July but are up 9.6% year over year.
Market Data | Aug 9, 2018
Projections reveal nonresidential construction spending to grow
AIA releases latest Consensus Construction Forecast.
Market Data | Aug 7, 2018
New supply's impact illustrated in Yardi Matrix national self storage report for July
The metro with the most units under construction and planned as a percent of existing inventory in mid-July was Nashville, Tenn.
Market Data | Aug 3, 2018
U.S. multifamily rents reach new heights in July
Favorable economic conditions produce a sunny summer for the apartment sector.
Market Data | Aug 2, 2018
Nonresidential construction spending dips in June
“The hope is that June’s construction spending setback is merely a statistical aberration,” said ABC Chief Economist Anirban Basu.
Market Data | Aug 1, 2018
U.S. hotel construction pipeline continues moderate growth year-over-year
The hotel construction pipeline has been growing moderately and incrementally each quarter.
Market Data | Jul 30, 2018
Nonresidential fixed investment surges in second quarter
Nonresidential fixed investment represented an especially important element of second quarter strength in the advance estimate.