Industry Analysis & Industry Trends
Over the past five years, steady support from federal grants and initiatives allowed for revenue growth and filled the deficit in low local government spending. Over the next five years, the Tunnel Construction industry is expected to grow in light of broad-based economic growth and a rebound in local government spending. As employment and consumption increases during the period, municipalities and state governments will have a wider tax revenue base to undertake tunnel construction. Industry operators will, however, continue to face the threat of political gridlock, which may stall or suspend planned tunnel projects.... purchase to read more
Industry Report - Industry Analysis Chapter
The Tunnel Construction industry undertakes new construction and maintenance services on transport and utility tunnels. Industry revenue is primarily tied to local, state and federal funding for and investment in transportation infrastructure. Over the past five years, steady support from federal grants and initiatives supported revenue growth and filled the deficit in low local government spending. As a result, industry revenue is expected to increase at an annualized rate of 3.3% to $2.6 billion in the five years to 2015.
Industry performance is increasingly tied to private investment, as the role of the private sector in infrastructure delivery expands... purchase to read more