More contracts awarded in 2000

News February 02, 2001
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A new American Road & Transportation Builders Association (ARTBA) report shows the nation's state and local transportation agen

A new American Road & Transportation Builders Association (ARTBA) report shows the nation's state and local transportation agencies awarded over 31,000 transportation improvement projects valued at a record $45 billion in 2000. The funding is a 13% increase over the 1999 level.


ARTBA's year-end "U.S. Transportation Construction Market Report" reviewed contract award data in five catagories--airports, roads, bridges and tunnels, railways and water-related projects.


Road construction contracts valued at $30.3 billion, an increase of 12.5% over 1999, led transportation sector growth. Bridge and tunnel construction contracts were valued at $10.4 billion, a 13% increase.


The study, conducted by ARTBA Senior Economist Dr. Michael F. Martin, found California ($4.5 billion) awarded the greatest value of transportation contracts in 2000, followed by Texas ($3.4 billion), New York ($2.6 billion), Florida ($2.4 billion), Pennsylvania ($2 billion), Illinois ($1.8 billion), Ohio ($1.6 billion), Michigan ($1.3 billion), New Jersey ($1.3 billion) and Massachusetts ($1.2 billion).



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