Transportation construction takes a steep hit as project impacts of COVID-19 continue
A new report from the American Road & Transportation Builders Association (ARTBA) highlights the growing scale of construction disruption unleashed by the COVID-19 pandemic. The report states that projects totaling over $9.6 billion in expenditures have been either delayed on cancelled across the country and that at least $132.8 billion in spending from potential projects stemming from transportation-related ballot initiatives and other funding streams have also been disrupted by the economic crisis resulting from the pandemic. The projects in question include road construction as well as public transportation initiatives like train, light rail, and airport expansions. Many of the delays follow drastic revenue losses across major urban centers as public transportation use fell off precipitously during the pandemic and has yet to recover. The disruptions are due to impact planned capital improvement projects in New York City, Los Angeles, San Francisco, Boston, and Chicago, among o...
A new report from the American Road & Transportation Builders Association (ARTBA) highlights the growing scale of construction disruption unleashed by the COVID-19 pandemic.
The report states that projects totaling over $9.6 billion in expenditures have been either delayed on cancelled across the country and that at least $132.8 billion in spending from potential projects stemming from transportation-related ballot initiatives and other funding streams have also been disrupted by the economic crisis resulting from the pandemic.
The projects in question include road construction as well as public transportation initiatives like train, light rail, and airport expansions. Many of the delays follow drastic revenue losses across major urban centers as public transportation use fell off precipitously during the pandemic and has yet to recover. The disruptions are due to impact planned capital improvement projects in New York City, Los Angeles, San Francisco, Boston, and Chicago, among o...
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