The highways sector is standing up remarkably well to the general downturn as other areas of construction continue to feel the pain of the credit crunch. Markets like house building and commercial property have been decimated in recent months while highways investment has remained relatively robust. But the first worrying signs are starting to appear that spending on our roads network is starting to decline. Civil engineering contractors have reported a further fall in confidence (see news) as projects start to lag. And the constant battle for highways maintenance funding is set to get tougher as local authorities come under ever-greater pressure over spending allocations. These worries should not detract from the bigger picture that there is still a lot of work available out there in the market.
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