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News March 12, 2001
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An American Road & Transportation Builders Association (ARTBA) report shows state and local transportation agencies awarded nea

An American Road & Transportation Builders Association (ARTBA) report shows state and local transportation agencies awarded nearly 900 transportation improvement projects collectively valued at $3 billion during the month of January.


ARTBA's monthly "U.S. Transportation Construction Market Report" reviews contract award data in five project catagories--airports, roads, bridges and tunnels, railways and waterways/ports. During the first month of 2001 it showed road contracts, valued at $2 billion, represented nearly two-thirds of the month's market value--an increase of 25% over January 2000. Airport contracts were valued at $142 million, up 91%.


Tennessee was the most active, awarding $588 million worth of road projects during the first month. Texas ($354 million), California ($205 million), Florida ($98 million) and Wisconsin ($59 million) also made the top five.


ARTBA Senior Economist Dr. Michael Martin, auther of the report, said the 2001 transportation construction market is off to a strong start. He said the January figures are consistent with the association's projected 7-10% growth for the highway construction market during this year.


Martin also noted the average value of a transportation construction contract awarded in January--$3.5 million--was about double that of January 2000--$1.7 million. He said that is a result of an increasing trend toward few, yet larger, contracts being let by state and local transportation agencies. Fifty percent fewer transportation construction contracts were awarded during January 2001 than during January 2000.


An executive summary of the ARTBA report can be accessed online at www.artba.org.

 


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