The U.S. Dept. of Transportation has said that it is allocating $742.5 million in economic-stimulus funds to speed construction of 11 transit projects in nine states. The DOT plan, announced on May 7, distributes funds to projects for which the Federal Transit Administration has multi-year, full-funding grant agreements. The aid, contained in the American Recovery and Reinvestment Act, doesn't represent an increase in DOT's total funds for the projects, but gets anticipated federal money to the transit agencies sooner than expected and allows work to proceed more rapidly. The ARRA measure provides a total of $8.4 billion for FTA capital
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.