Two appropriations bills for the fiscal 2003 year recently signed by President Bush will create a substantial amount of construction work for the nation’s contractors. Although he received a larger budget than he requested for either bill, both will receive less money than similar bills passed in the previous year.
“The Dept. of Defense and the military construction appropriations bills I sign today will make our country more secure, make our military forces more prepared, and reward military families for their sacrifices in service,” the President said.
The military construction bill sets aside $10.5 billion for building and upgrading military installations and for family housing units. The number represents a 1% decrease from the 2002 allotment. Other military construction work, including barracks and airport runways, will receive $5.6 billion, which is 5% less than the previous year.
