The effects of the COVID-19 pandemic will be felt for years to come. According to a report released by the American Road and Transportation Builders Association (ARTBA), more than $9.6 billion of infrastructure construction projects have been delayed or canceled because of the COVID-19 pandemic. A copy of the report can be found here.
Sixteen states, including Massachusetts and Pennsylvania, announced project delays or cancellations totaling about $5 billion. The report suggests there are lagging impacts from the pandemic starting to emerge in construction due to contractors increasingly worrying about the sagging economy.
These fears and decline in future scheduled projects are the main reason for the American Association of State Highway and Transportation Officials to ask Congress for an infusion of $37 billion to offset losses at state departments of transportation-related to the pandemic. The American Society of Civil Engineers (ASCE) released a map on July 29 to sway Congress to pass a pandemic infrastructure relief package. The map highlights 50 projects ready to be built but still need funding.
At Yoars Law, we focus on being proactive business and legal advisors for our construction clients, guiding them through the complex legal issues as they arise and being zealot advocates when needed. We also provide transparent and predictable legal fees so our clients can consistently manage their budgets.