image credit: Adobe Stock

Federal infrastructure funds begin to flow, mostly to roadwork

March 7, 2023

Local and state government contracts for highway, road and bridge projects dramatically increased between 2021 and 2022, a sign that bipartisan infrastructure funds are starting to have an impact, but contracts for rail and transit projects slowed significantly since the start of the COVID-19 pandemic, according to an analysis conducted by the American Road & Transportation Builders Association.

The dollar value of contract awards for all transportation projects jumped 25% from 2021 to 2022, with the number of contracts up 12.4% to 39,500, according to ARTBA Chief Economist Alison Premo Black.

Read More on Construction Dive