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 growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.