JOC Staff | Nov 30, 2012 5:32PM EST
The U.S. transportation construction infrastructure market is expected to increase 3 percent from $126.5 billion to $130.3 billion in 2013, according to the American Road and Transportation Builders Association’s annual forecast released today.
Growth is expected in highway and street pavements, private work for driveways and parking lots, airport terminal and runway work, railroads and port and waterway construction. ARTBA predicts the bridge market, which has shown substantial growth during the last decade, will remain flat in 2013.
The federal surface transportation program and state and local government transportation investments are the biggest drivers of the national transportation infrastructure construction market, the report said.
