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Large I-95 project drives May letting numbers

June 5, 2012 by · Comments Off on Large I-95 project drives May letting numbers
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The state Department of Transportation (PennDOT) had a strong May bidding over over $400 million in projects in bringing the year-to-date total to just over $891.9 million.   At this same point in 2011, PennDOT had bid $760.8 million.  The project, represents one of the last major projects left on PennDOT’s letting schedule due to the current transportation funding situation.

It is expected that this project will enable PennDOT to exceed its 2012 construction year forecast, which was $1.5 billion.  The projection is down 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.  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.