PennDOT’s Strong October Puts Yearly Lettings Over $2.4 billion
Act 89 continues to push construction lettings to significantly higher levels compared to last year. PennDOT had another strong month with nearly $300 million in projects being put out on the street during the month of October. This now brings the year-to-date total to just over $2.4 billion. At this same point in 2013, PennDOT only bid $1.465 billion in lettings. At this pace, PennDOT will far exceed its initial 2014 estimate of $2.2 billion.
With the recent enactment of the transportation funding bill there is reason to see this trend continue in 2015. Act 89, which will implement a $2.3 billion comprehensive transportation funding plan over the next five years, will result in PennDOT exceeding $2 billion in construction lettings in 2015. PennDOT finished 2013 with $1.6 billion in lettings.
As in year’s past, PHIA will continue to track contract lettings on a monthly basis.
To view the full October 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.
