Rich on Welfare: Funding Might be Poor, but Industry Continues to Boom

This article offers a “state of the industry” look for road and bridge construction. As the industry saw an increase in 2006, 2007 is expected to show a continuation of this trend. Much of this increase can be attributed to the passage of SAFETEA-LU in 2005, allowing more projects to start up in 2006. Funds, however, are expected to run short by the end of 2007, primarily due to the decrease in gas tax money as motorists are driving less due to higher gas prices. With federal funding being slow to emerge, state departments of transportation are having to find different ways, such as privatizing, to pay for projects. The article also notes that prices are hiking up for materials such as asphalt, diesel, steel and concrete. The article concludes with a mention of the annual survey conducted by the Association of Equipment Manufacturers, noting that manufacturers are only expecting single digit increases in growth for construction equipment business in the U.S., while 2006 saw double-digit growth increases.

  • Availability:
  • Authors:
    • Wilson, Bill
    • Harris, Stephanie
  • Publication Date: 2007-1

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01042874
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Feb 13 2007 2:42PM