Highway, Bridge Projects Will Have Impact on N.Y., N.J.
- Published: Monday, 12 August 2013 17:22
Major transportation infrastructure repair projects in the wake of 2012’s Hurricane Sandy; new bridge and road improvements in preparation for the arrival of bigger cargo ships with the 2015 expansion of the Panama Canal; and the Tappan Zee Bridge replacement will have significant impacts on the New York metropolitan area.
How all the work will affect the design and construction markets is the focus of a comprehensive new analysis from the American Road & Transportation Builders Association (ARTBA). The 2013 “Transportation Planning & Design Market Outlook Reports” were methodically researched by an ARTBA’s expert economics research team that has more than 35 years of combined experience analyzing data and trends.
Utilizing key business indicators, documents from a variety of sources, and personal interviews, the reports examines current trend and the five-year forecast for state transportation department highway and bridge spending, planning and design work, and major airport construction.
There are individual reports for New York and New Jersey. They offer a complete picture of each state’s economic demographics, bond ratings and capacity, and innovative financing and procurement laws.
The studies also outline current business requirements for planning and design firms in that state, and provide a comprehensive list of top firms in that market. ARTBA has also completed similar market analyses for Texas, Florida, California, Georgia and North Carolina.