Business and finance
US market at 20-year high, says association
The 2006 US transportation construction market has been the most robust in more than 20 years, with the value of work on highways, bridges, airports and transit up 15% over the last year, according to the American Road & Transportation Builders Association. Factors contributing to the rise include increased federal, state and local highway investments as well as repairs following Hurricane Katrina. The total value of construction for transportation projects is expected to hit US$106 billion in 2006. The value of construction work on highways and bridges alone grew almost US$11 billion to US$76.3 billion, the largest increase since 1984.