Inflation taking bite out of new infrastructure projects

A sign is shown near ongoing work on a project to replace water main pipes, Wednesday, June 15, 2022, in downtown Tacoma, Wash. Inflation is taking a toll on infrastructure projects across the U.S., driving up costs so much that state and local officials are postponing projects, scaling back others and reprioritizing their needs. (Ted S. Warren/AP)

A sign is shown near ongoing work on a project to replace water main pipes, Wednesday, June 15, 2022, in downtown Tacoma, Wash. Inflation is taking a toll on infrastructure projects across the U.S., driving up costs so much that state and local officials are postponing projects, scaling back others and reprioritizing their needs. (Ted S. Warren/AP)

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