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ARTBA: Highway Construction to Grow 4% in 2004

Published Thursday, January 01, 2004

Spurred by continued increases in federal funding and renewed economic growth, the U.S. highway construction market should grow 4.2% in 2004, the chief economist for the Washington, D.C.-based American Road & Transportation Builders Association says. William Buechner, ARTBA vice president of economics and research, says the expected congressional approval of $33.6 billion in federal highway investment for FY2004 — $2 billion more than FY2003 levels — will drive the market growth. The value of construction work performed on highway and bridge projects is projected to be a record $62.5 billion in FY2004, up from $60 billion in FY2003. ...

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