PennDOT starts 2015 with $288 million in lettings
PennDOT continued its strong, post-Act 89 momentum by starting 2015 with over $288 million in projects let during January. Last year, PennDOT ended the year with $2.6 billion in lettings, the highest since 2009 when the program was boosted by the one-time economic stimulus package. PennDOT exceeded its initial 2014 estimate of $2.2 billion and it was reported earlier that PennDOT’s 2015 anticipated lettings will again be $2.6 billion.
At the end of 2013, PennDOT only bid $1.638 billion in lettings. Act 89 enabled PennDOT to put nearly a $1 billion more projects on the street in 2014 than it was able to do in 2013.
With the recent enactment of the transportation funding bill there is reason to see this trend continue well past 2015. Act 89, which will implement a $2.3 billion comprehensive transportation funding plan over the next five years, will result in PennDOT exceeding the $2 billion construction lettings mark for years to come.
As in year’s past, PHIA will continue to track contract lettings on a monthly basis.
To view the full January letting 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 update.