PennDOT Bids $204 Million in Projects in March
The state Department of Transportation (PennDOT) bid just over $204 million in projects in March bringing the year-to-date total to slightly over $336 million. At this same point in 2011, PennDOT had bid just over $400 million.
PennDOT made a 2012 construction year forecast at $1.5 billion due to a decrease in state funding and stagnant federal funding. For perspective, a $1.5 billion letting program was the same volume as in 2006. For more information regarding the department’s forecast you can view Dep. Secretary Scott Christie’s presentation at the annual APC Fall Seminar by going here. In 2011, PennDOT ended the year with $1.8 billion in lettings.
It is important to note that just a few years ago, PennDOT’s 2009 lettings were $2.8 billion due to the billion dollars in economic stimulus funds, which have been completely spent.
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.