More government funding will boost road and highway construction in the U.S.
Road and highway services did not experience the same downturns as other industries during the recession, due to robust federal stimulus investment in infrastructure development. Though this funding has tapered off, firms will continue to rely on federal dollars and the general health of the economy in the years to come.
Road and highway construction activity in the U.S. is expected to return to moderate growth in late 2012, with the new Surface Transportation Extension Act of 2012 signed in March. Furthermore, the improving US economy, consumer spending, private sector development and state and local governments’ transportation funding will lead to accelerated road and highway construction. In the five years to 2017, industry revenue is projected to increase at an average annual rate of 2.2 percent to $53.5 billion.
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