$9.6B-worth projects delayed or canceled due to pandemic

by sadia_badhon | August 11, 2020 6:10 am

A report by the American Road & Transportation Builders Association (ARTBA) shows infrastructure projects of more than $9.6 billion have been delayed or canceled because of the COVID-19 pandemic. Photo © BigStockPhoto.com[1]
A report by the American Road & Transportation Builders Association (ARTBA) shows infrastructure projects of more than $9.6 billion have been delayed or canceled because of the COVID-19 pandemic.
Photo © BigStockPhoto.com

According to a report by the American Road & Transportation Builders Association[2] (ARTBA), infrastructure projects of more than $9.6 billion have been delayed or canceled due to the COVID-19 pandemic.

While many projects continue as transportation construction is deemed essential, state and local governments and transportation authorities are beginning to feel the strain of declining revenues related to user fees and the overall slowdown in economic activity, ARTBA said. The immediate economic impact and potential job losses are difficult to quantify at this time, but each $1 billion in transportation construction investment supports an average of 13,000 jobs throughout all sectors of the economy, according to the Federal Highway Administration[3].

According to the report[4]:

Endnotes:
  1. [Image]: https://www.constructionspecifier.com/wp-content/uploads/2020/08/Opener-8.jpg
  2. American Road & Transportation Builders Association: https://www.artba.org/
  3. Federal Highway Administration: https://highways.dot.gov/
  4. report: https://www.artba.org/wp-content/uploads/2020/08/2020.07.28_ARTBA_COVID19RevImpact_v18_Public.pdf

Source URL: https://www.constructionspecifier.com/9-6b-worth-of-projects-delayed-or-canceled-due-to-pandemic/