ARTBA Forecasts Modest Growth for U.S. Transportation Infrastructure
The U.S. transportation construction market will grow 3.1% from $185.9 billion in 2014 to $191.7 billion in 2015, according to a new forecast released Dec. 3 by American Road & Transportation Builders Association’s (ARTBA) Chief Economist Dr. Alison Premo Black.
That figure is slightly above anticipated growth in the overall economy, Black says. U.S. Gross Domestic Product is expected to grow between 2.6% and 3%, according to the U.S. Federal Reserve.