$9.6B worth of infrastructure projects delayed or canceled during COVID-19

$9.6B worth of infrastructure projects delayed or canceled during COVID-19

Infrastructure projects totaling more than $9.6 billion have been delayed or canceled in the midst of the COVID-19 pandemic, according to a report released by the American Road & Transportation Builders Association (ARTBA). Sixteen states announced project delays or cancellations worth approximately $5 billion, while another 20 local governments and authorities have scratched or put off projects worth another $4.54 billion, the report asserts. In addition, at least 44 states, transportation authorities and local governments have projected declining revenues. Overall heavy and civil engineering construction employment total fell 10% in April, according to AGC chief economist Ken Simonson, slightly less than the 14% drop for all of construction. But while total construction employment rebounded 8% in May and June, heavy and civil employment increased just 3% in May before dropping 1% in June.

https://www.constructiondive.com/news/96b-worth-of-infrastructure-projects-delayed-or-canceled-during-covid-19/582713/

 

 

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