{"id":862,"date":"2013-09-13T14:50:00","date_gmt":"2013-09-13T14:50:00","guid":{"rendered":"https:\/\/www.lienitnow.com\/blog\/index.php\/2013\/09\/13\/road-bridge-and-tunnel-construction-report\/"},"modified":"2017-12-13T18:05:40","modified_gmt":"2017-12-13T18:05:40","slug":"road-bridge-and-tunnel-construction","status":"publish","type":"post","link":"https:\/\/www.lienitnow.com\/blog\/2013\/09\/road-bridge-and-tunnel-construction.html","title":{"rendered":"Road, Bridge, and Tunnel Construction Report"},"content":{"rendered":"<p>According to <a href=\"http:\/\/finance.yahoo.com\/news\/u-road-bridge-tunnel-construction-154700696.html\">Yahoo<\/a>, as the country recovers from the recession, the U.S. road construction industry continues&nbsp;to struggle.&nbsp; Overall spending on road, bridge, and tunnel construction in 2009 and 2011 has&nbsp;dropped by 4.4 percent, due to the lack of a long-term transportation bill and the completion of most American Recovery and Reinvestment Act-funded projects.&nbsp; Even though bridge and tunnel construction have kept strong in 2010 and 2011, road construction has plunged the entire market due to the lack of funding.&nbsp; Although SBI Energy expects total road, bridge &amp; tunnel market to be up 0.6 percent&nbsp;over 2011 to reach a total of $76.4 billion for the year, the trends have seemed to continue through 2012. <\/p>\n<p>The new federal highway bill (MAP-21) passed in July 2012 will help improve market funding to a certain degree.&nbsp; This legislation&nbsp;entails that states are more likely to start and fund medium scale projects (less than five year terms) with funding levels assured through Fiscal Year 2014.&nbsp; However, due to both state and federal governments refusing to increase gas taxes and implement user-based funding schemes, the long-term market prospects remain difficult to fund.&nbsp; The funding for these long-term projects will come other state sources&nbsp;such as&nbsp;state tolls, public-private partnerships, and state infrastructure banks.&nbsp; This will help grow the road, bridge, and tunnel industry, but at a very low rate through 2014. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Yahoo, as the country recovers from the recession, the U.S. road construction industry continues&nbsp;to struggle.&nbsp; Overall spending on road, bridge, and tunnel construction in 2009 and 2011 has&nbsp;dropped by 4.4 percent, due to the lack of a long-term transportation bill and the completion of most American Recovery and Reinvestment Act-funded projects.&nbsp; Even though [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1344,1341,1340,1345,1343,1342],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Road, Bridge, and Tunnel Construction Report - Tools of the Trade | LienItNow Blog<\/title>\n<meta name=\"description\" content=\"According to Yahoo, as the country recovers from the recession, the U.S. road construction industry continues&nbsp;to struggle.&nbsp; 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