North Dakota Faces $2.5 Billion Transportation Shortfall

While increased transportation investment in North Dakota, largely as a result of the state’s energy boom, has allowed numerous projects to proceed, additional investment is still needed to improve road and bridge conditions, enhance safety and accommodate projected growth, according to a new report from TRIP, a national nonprofit transportation research group based in Washington, D.C.

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Growth Predicted for Construction, Mining Equipment Investment

After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9 percent (up from 7.0 percent in the third-quarter Economic Outlook published in July) according to the fourth-quarter update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. 

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