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Interactive Map Encourages Investment in Infrastructure Projects

The U.S. Department of Transportation (DOT) announced a new interactive map highlighting federal investment in major infrastructure projects located in and around Opportunity Zones. The detailed information about vital infrastructure resources located in and near Opportunity Zones is intended to encourage further economic investment.

Read more: Interactive Map Encourages Investment in Infrastructure Projects

Cemex USA Safety Week Highlights ‘Safety Through Leadership’

Cemex USA kicked-off the new year by hosting its annual company-wide Safety Week 2020, an initiative solely focused on one of its core values, Health & Safety. This year’s theme, “Safety Through Leadership,” empowers supervisors and others in leadership roles to actively lead their teams to success by utilizing the tools provided by Cemex to nourish a strong and supportive safety culture.

Read more: Cemex USA Safety Week Highlights ‘Safety Through Leadership’

Dodge Momentum Index Moves Higher in December

The Dodge Momentum Index increased 1.5% in December to 156.2 (2000=100) from the revised November reading of 153.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the Momentum Index rose over the month – the institutional component gained 2.3%, while the commercial component rose 0.9%.

Read more: Dodge Momentum Index Moves Higher in December

Cemex Announces Divestment of Certain UK Assets

One of Cemex's subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group, for a total consideration of approximately $235 million, which includes approximately $31 million of debt.

Read more: Cemex Announces Divestment of Certain UK Assets

Construction Spending Up Slightly; Highways Also Rise

The U.S. Census Bureau announced that construction spending during November 2019 was estimated at a seasonally adjusted annual rate of $1,324.1 billion, 0.6% (±1.0%) above the revised October estimate of $1,316.8 billion. The November figure is 4.1% (±1.5%) above the November 2018 estimate of $1,271.4 billion. 

Read more: Construction Spending Up Slightly; Highways Also Rise