State departments of transportation (DOTs) and local governments committed a little over $117 billion in funding for highway, bridge, transit, port and other transportation-related construction projects during 2012, according to new analysis of the most recent U.S. Census Bureau data by the American Road & Transportation Builders Association (ARTBA).
ARTBA’s monthly report, “Value of Transportation Construction Put in Place,” was compiled by ARTBA Chief Economist Alison Premo Black, Ph.D. Black notes that while this represents a 1-percent increase more than the $116 billion committed in 2011, real transportation construction activity fell well short of its 2010 peak, when $129 billion worth of construction work was “put in place” during the year, in large part because of the American Recovery & Reinvestment Act (ARRA), a.ka. “The Stimulus.”
Black’s analysis also found the following changes in value by mode:
ARTBA’s analysis found that transportation construction activity accounted for 13.8 percent of all U.S. construction work put in place, down from 14.6 percent during 2011 and 15 percent in 2010.
Source: American Road & Transportation Builders Association (ARTBA)
