With many markets, such as aerospace, industrial gas turbine and commercial building remaining soft, and the residential construction market being hampered by severewinterweather, Alcoa says that it will strengthen its performance by developing innovative products that add value for its customers.
"I am very aware that last winter's severeweather left a legacy of road potholes and that local highway authorities faced gritting pressures, " he added.
Announcing the extra funds, which must be spent by April, Local Government Minister Carl Sergeant said he was aware last winter's severeweather had left a "legacy" of potholes.
The committee's report, which pointed out that the winter was the third in a row with severeweather, said that better weather forecasting could help warn the country to be more prepared.