Hawaii Senate approves $500 million construction bill

Posted by IronPlanet on Feb 24, 2012 6:55:00 AM

With the economy still in turmoil and unemployment high, many states are hoping to stimulate their economy through construction projects. Hawaii is one such state, as the State Senate recently approved the $500 million "Invest In Hawaii Act of 2012," according to The Associated Press.

The bill still needs to pass the House, but the bipartisan support that the legislation has gained is encouraging for the act's future prospects. Hawaii has a $1 billion backlog of maintenance and repairs, along with numerous construction projects that the state has put off for years.

"Projects would be seen in every single one of our 255 public schools, all 10 University of Hawaii campuses, all of our state hospitals," Senate President Shan Tsutsui told the news source.

Major projects such as this can carry a construction company through a whole year, so contractors should be sure that they're ready to work when the time comes. The online auction website IronPlanet provides a convenient way for company owners to browse used construction equipment and save money compared to buying new. The site's IronClad Assurance inspection reports ensure that buyers know exactly what they're getting.

Topics: Construction, Industry Headlines