Earlier this month, the President submitted the Administration’s FY2008 Budget to Congress. Federal construction contractors should be encouraged by the large number of projects that are proposed for funding. The budget provides the highest level of funding ever included in any President’s budget for U.S. Army Corps of Engineers’ water resources projects and programs. The proposed budget for the Department of Defense includes over $8 billion for the BRAC (Base Realignment and Closure) program. The Defense FY2008 budget also includes considerable funding for military construction to support the Integrated Global Presence and Basing Strategy (IGPBS) that is presently being implemented to move U.S. forces from overseas to continental U.S. installations to better position them to support worldwide contingencies.
For more information on where these projects will be built in the coming years, please click here. The FY2008 Budget for military construction totals over $18 billion.