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Construction Forecast: Rail Construction Will Spur Industry Pick-Up

Posted February 4, 2011 | Categories: Forecasts, Hawaii's Economy

Private construction has largely stabilized in the islands and is poised for limited growth. But the big impetus for construction on Oahu will come from rail transit. Assuming no additional delays, the rail project will lead to a sharp pick-up in construction beginning later this year, and the construction job base will approach its 2007 peak level by 2015. Expansive government infrastructure spending will amplify what was already a building outlook that favors Oahu relative to the Neighbor Island economies.

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