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Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth. President Joe Biden announced Thursday that a bipartisan agreement had been reached on a $973 billion infrastructure plan. The pared-down plan calls for $559 billion in new spending over five years. Companies such as Caterpillar, with its heavy machinery, and construction materials company Vulcan Materials could see years of additional business as roads and bridges are rebuilt and buildings are modernized. Both companies’ shares rose Thursday after the bipartisan deal was struck. Smaller construction-related companies benefitted as well: Dycom, which provides contractor services to construction companies, rose nearly 6%.

United statesChris zaccarelliJ thomas hillMichael pugliesePeter williamsJoe bidenKen johnsonMartin marietta materialsWells fargo investment instituteAdvisor allianceAmerican society of civil engineersVulcan materialsAmerican societyCivil engineersWells fargo investmentNorth america