News

PennDOT issues $226 million in June construction contracts

June 27, 2011

The state Department of Transportation (PennDOT) bid appoximately $226.7 million in projects in June bringing the year-to-date total to $987.6 million.  At this same time last year, PennDOT had let just over $1.2 billion. Read more

News

Long-term prosperity at risk, report says

June 23, 2011

Underinvestment in surface transportation is threatening long-term economic productivity, according to a report in MarketWatch, a Dow Jones online news service.

U.S. infrastructure investments amount to 2.4% of the nation’s Gross Domestic Product, compared with 5 percent in Europe and 9 percent in China, according to the World Economic Forum.

“Substantial underinvestment won’t affect the economy in the short run, but productivity will be affected in the long run,” said Gus Faucher, an economist with Moody’s Analytics. “People will be stuck in traffic more often, stuck at airports longer, and that lost time adds up over 10, 20 years.”

It also will mean higher costs for rail, trucking and shipping, which will make American-made goods more expensive overseas and less competitive, he added.

Some experts suggest that public-private partnerships would help address the dilemma, but the article also points out that that some “P-3” ventures have fallen short, and do little to aid “marginal” communities where usage would not provide an adequate return on investment.

To read the entire article, click here.

News

A recent interview with PennDOT Secretary Barry Schoch

June 21, 2011

PennDOT Secretary Barry Schoch recently sat down with Allentown Morning Call reporter John Micek to discuss transportation funding.  Read what he had to say.  Click here.