Dive summary:
- State's spent slightly more than $117 billion on transportation construction last year, slightly better than in 2011, according to an analysis that the American Road & Transportation Builders Association (ARTBA) did of Census Bureau data.
- Despite the rise in states' spending, however, transportation continued to fall as a proportion of the overall construction expenditure in the nation, comprising 13.8% last year after being at 14.6% in 2011 and 15% in 2010.
- Highway spending declined as bridges, airport runways, subways and light rail, ports and railroads climbed.
From the article:
ARTBA’s monthly report, “Value of Transportation Construction Put in Place,” was compiled by Dr. Alison Premo Black, the association’s chief economist. ...
