McInnis Cement secures financing for plant serving New England, Mid-Atlantic, Great Lakes, Eastern Canadian markets

Quebec Premier Pauline Marois joined business leaders January 31 to outline a financial structure enabling McInnis Cement, an export-driven start up headed by industry veterans, to commence Spring 2014 construction of a plant and marine terminal with ultimate capacity toward 2.5 million tonnes/year.

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AIA tracks spike in projects idled by financing issues

Sources: McGraw-Hill Construction, New York; American Institute of Architects, Washington, D.C.

Drawing on McGraw-Hill Construction Dodge data, a new AIA report finds the share of projects—led by those in the education and multifamily sectors—stalled due to financing problems has nearly doubled since 2008. “Stalled Construction Projects and Financing” correlates the challenges of construction financing to the incidence of stalled projects in the U.S.

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