MidAtlantic City Scoop: Construction Starts in Philadelphia
Greg May Pennsylvania Office Leader, Vice President HNTB Corp.
While “reduced revenue and ridership stemming from COVID-19” is challenging, May says that “state of good repair backlog continues to grow” but could be “bolstered by potential significant federal funding prospects.” President Joe Biden announced the framework of a $2-trillion stimulus on March 31, including hundreds of billions of dollars for infrastructure work. The bill, along with the “prospect” of a surface transportation reauthorization later this year, has the “potential” to create a “significant uptick in the overall transportation market,” May says. He warns “that ongoing state and local transportation-funding shortfalls present a serious and ongoing challenge.”