House Transportation and Infrastructure Committee Chairman James Oberstar (D-Minn.) says he plans to soon unveil a new, multiyear surface transportation bill and predicts that it will move to the House floor in early June. Oberstar declined to disclose the amount of funding that the measure would authorize. An April 24 American Association of State Highway and Transportation Officials-American Public Transportation Association report says highway capital spending by all government levels needs to reach $132 billion to $166 billion a year by 2015, depending on traffic growth. That compares with $78.7 billion spent in 2006. The report pegs annual transit 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.