The Infrastructure Investment and Jobs Act will boost activity in the civil construction space in 2023, according to Dodge Construction Network.
Dodge expects civil construction starts, such as public transit, roads, bridges, EV charging stations, water-related projects and power plants, to total $281 billion in 2023, a 16% jump from last year. That’s because infrastructure funds will steadily flow into the market in 2023. Through July 2022, only a small fraction of infrastructure dollars have entered the market, according to Dodge.
