Post by Logan on Feb 28, 2016 3:24:55 GMT -6
The next year could have mixed results for construction companies in the Mountain State, with federal funding providing some relief as local and state spending is expected to contract.
The approval of the first multi-year federal highway spending bill in a decade could finally provide some longterm stability for the planning of roads, bridges and highways in West Virginia.
But while the 5-year, $305 billion federal plan would provide some market stability for construction companies, Mike Clowser, the executive director of the Contractors Association of West Virginia, said it does little to actually boost spending for transportation projects.
According to reports by the West Virginia Department of Transportation, the state would receive roughly $462 million on average over the next 5 years from the federal government. While that bill was celebrated by West Virginia’s congressional delegation, the law does little to actually increase past funding levels, which equaled roughly $456 million on average over the past 10 years.
See more at: www.wvgazettemail.com/business/20160227/wv-faces-struggle-to-supplement-federal-construction-funding
The approval of the first multi-year federal highway spending bill in a decade could finally provide some longterm stability for the planning of roads, bridges and highways in West Virginia.
But while the 5-year, $305 billion federal plan would provide some market stability for construction companies, Mike Clowser, the executive director of the Contractors Association of West Virginia, said it does little to actually boost spending for transportation projects.
According to reports by the West Virginia Department of Transportation, the state would receive roughly $462 million on average over the next 5 years from the federal government. While that bill was celebrated by West Virginia’s congressional delegation, the law does little to actually increase past funding levels, which equaled roughly $456 million on average over the past 10 years.
See more at: www.wvgazettemail.com/business/20160227/wv-faces-struggle-to-supplement-federal-construction-funding