It would take $77.7 billion in capital spending to bring U.S. transit systems to a “state of good repair,” the Federal Transit Administration estimates. A study, released on July 21 by FTA, says that rail accounts for $59.2 billion of the total, including $42.7 billion for heavy rail. Bus and other non-rail systems comprise the rest. FTA says it would take $18.3 billion annually for 20 years to achieve overall good-repair condition. Reaching that level over six years would require $27.3 billion a year. Just addressing “normal replacement needs” would cost $14.4 billion, the agency says. Hitting any of those
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.