
2006: Record Year for Transportation Construction Market, ARTBA Top Economist Says
WASHINGTON – The 2006 U.S. transportation construction market was the most robust in more than 20 years with the value of work on highways, bridges, airports and transit systems up 15 percent over the last year, according to the American Road & Transportation Builders Association (ARTBA). Fueled by increased federal, state and local highway investments, a $2.3 billion congressional appropriation for repair work on highways damaged by Hurricane Katrina and greater investments in freight rail, the total value of construction performed on transportation projects is expected to hit a record $106 billion in 2006, up from $92 billion in 2005,