Road & Highway Construction in Illinois
The Road and Highway Construction industry in Illinois experienced several issues over the five years to 2017, including budgetary constraints and weak investments in transport infrastructure early in the period. The industry has only recently resumed to grow, due to the passing of the five-year Fixing America's Surface Transportation Act in 2015. Moreover, the recent passage of the lockbox amendment is likely to quell anxieties in the near future. Over the next five years, the industry will experience steady growth as a result of sustained federal support and improved state and municipal budgets. The repair, replacement and expansion of the state's deficient infrastructure, coupled with high levels of nonresidential construction in the state, will lead to higher demand for road and highway projects.
Operators in this industry construct new highways, streets, roads and airport runways (excluding elevated roadways). The industry also includes highway and street construction management operators and special-trade contractors who perform subcontracting work on projects (e.g. grading, laying pavement, installing guardrails and public sidewalks). Industry operators may subcontract some or all of the actual construction work.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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