Highway Construction Costs Grow for 11th Straight Quarter
As Jeff Davis explains in an article for the Eno Center for Transportation, the FHWA has lost buying power, getting less “bang for the buck” on projects. “This was the 11th straight quarter of cost increases. The July-September 2023 NHCCI of 3.456 is a 69 percent increase in highway construction costs since the October-December 2020 quarter.”