Alison Premo Black, American Road & Transportation Builders Association?s (ARTBA) chief economist
ARTBA’s Alison Premo Black predicts that total transportation construction and related market activity is expected to grow 1.3 percent in 2017. She says that increases in highway and bridge private construction activity that support residential and commercial developments will drive increased value of construction.
In 2017, the market is expected to reach $247.8 billion, up from $244.5 billion in 2016, according to Black. This includes public and private investment for highways, bridges, public transit, rail, ports and waterways, airport runways and terminals, as well as private investment for roads, streets, driveways and parking lots in residential and commercial developments.
The 2017 ARTBA market estimate also includes spending on support work by state departments of transportation (DOTs) and local governments for highway and bridge planning and design work, routine maintenance and right of way purchases.
ARTBA’s Alison Premo Black predicts that total transportation construction and related market activity is expected to grow 1.3 percent in 2017. She says that increases in highway and bridge private construction activity that support residential and commercial developments will drive increased value of construction.
In 2017, the market is expected to reach $247.8 billion, up from $244.5 billion in 2016, according to Black. This includes public and private investment for highways, bridges, public transit, rail, ports and waterways, airport runways and terminals, as well as private investment for roads, streets, driveways and parking lots in residential and commercial developments.
The 2017 ARTBA market estimate also includes spending on support work by state departments of transportation (DOTs) and local governments for highway and bridge planning and design work, routine maintenance and right of way purchases.