PennDOT finishes 2015 with just under $2.6 billion in lettings
PennDOT finished the 2015 calendar year with just shy of it’s projected $2.6 billion in contract lettings. The official year-end total was $2.594 billion. In 2014, PennDOT ended the year with $2.575 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 close to $2.6 billion.
PennDOT recently reported at the annual meeting of the Associated Pennsylvania Constructors (APC) that 2016 lettings are expected to be $2.4 billion.
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 December Year-End letting report and year comparisons, click the link below.
December Letting Report* (PDF)
*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.
