Each year with Asphalt Contractor's State of the Road Building Industry Report, we seek to give contractors some idea of what the year ahead will bring. After a long 2021, this year brought us even more challenges with rising prices, lack of people and a whole lot of unpredictability.
As the year comes to a close, and after many months of debate, we finally received some good news with the passage of the Infrastructure Investment & Jobs Act (IIJA) which promises $1.2 trillion dollars for infrastructure over the next five years. This bill marks the first time since 2015 that a significant infrastructure bill has been passed by Congress and represents bipartisan support for infrastructure spending that will benefit all 50 states.
"The National Asphalt Pavement Association (NAPA) and like-minded organizations in the transportation construction industry, along with our engaged member companies and State Asphalt Pavement Association partners, have advocated for adequate and consistent federal highway funding for a very long time," Dr. Audrey Copeland, president and CEO, NAPA says. "We are thrilled and thankful to advance this once-in-a-generation bill, with a significant investment in transportation infrastructure, across the finish line in a bipartisan way."
The State of the Road Building Industry Report showcases what several industry experts are saying about the industry, their views on 2022 and what they expect to see in the industry during the new year - and beyond. By downloading this FREE white paper, you will uncover how we got to the passage of this historic legislation and what it means for the future of the industry, how the money will be used (building new vs. repairing old), the future of funding, concerns over supply and labor shortages, and more!