Research Shows Signs Of Life in Public Construction Sector

摘要

After several years of decline, many areas of public works construction will begin to show improvement in 2004, according to two trade groups that monitor the engineering and construction sector. PMI, a construction industry management consulting firm based in Raleigh, North Carolina, regularly releases a report and outlook on the construction market. According to its latest offering, The 2003-2004 U.S. Market Construction Update, highway and water supply facilities will lead infrastructure construction with 7 to 8 percent growth in 2004, and by 2007 annual water and wastewater spending will exceed $27 billion. A 1 percent increase is expected in utility construction this year, but annual growth of 5 percent in that area is forecast over the next three to five years.