PennDOT’s August lettings total $42 million
The state Department of Transportation (PennDOT) bid just $42.2 million in projects in August bringing the year-to-date total to $1.062 billion. At this same time last year, PennDOT had let just over $1.3 billion.
PennDOT finished the 2010 calendar year with approximately $2.2 billion in lettings. While PennDOT initially forecast that 2011 will only see $1.7 billion, which was the level of the program back in 2006-07, it expects to hit close to $2 billion by year’s end due to realized savings on the competitive bidding market and increases fuel tax revenues. The department said the overall forecasted decrease is due to the expiration of the federal Economic Stimulus payments as well as a decrease in state funding and stagnet federal funding. To put into perspective, PennDOT’s lettings were $2.8 billion in 2009 due to the billion dollars in economic stimulus funds.
To view the full report and year comparisons, click the link below.
*The report lists the total contracts awarded at each letting date, a comparison to the same period in the previous calendar year, and letting adjustments made since the previous month. PHIA staff will track PennDOT lettings throughout the year and provide monthly updates.
