Ann: Analyst and Investor Presentation HY2021, page-54

What doesn't squared up with me is the inflation fears. Once the Fed raise interest rates, the costs for infrastructure will increase for us over here as we reciprocate. September & October are traditionally the worse months in the financial cycle. We are spending so much money on this covid that, i don't feel there will be a good outlook for major projects going forward. I mean money is not coming in under lockdown but yet its going out faster than ever. I can't see the budgets in good form for infrastructure. With low interest rates you can argue yes even with the Covid spending, but when the rates are raised, i feel the money tap will be shut & shut hard until all this debit can be paid off.