SPI Insights

Approximately $14.4 billion is spent each year to repair, rehabilitate or replace bridges in America. However, that annual amount has increased and will continue to increase because the backlog of critically needed bridge repairs is estimated to be $125 billion. Of about 50,000 bridges with very significant issues awaiting attention, an estimated 40% can be […]

April has been a big month for airport infrastructure funding. Two separate announcements of new funding awards were made. The first announcement, on April 5, was for $148 million. On April 25, the second announcement allocated another $76 million to support airport projects. In April alone, $224 million was made available for initiatives to construct […]