New York City, state and federal government infrastructure spending has increased each year since 2015 and is predicted to continue increasing through 2020.
According to New York City's (Bronx, Brooklyn, Manhattan, Queens, Staten Island) current 10-year capital program, local government will continue to invest heavily in public schools, housing, resiliency efforts, transportation, and parks. The largest increases in capital commitments are earmarked for repairs and upgrades to the City’s roads and bridges, as well as the installation of new water mains throughout the five boroughs. The Building Congress anticipates City spending to reach $11.1 billion in 2020.
New regulations regarding how the city can use funding will also be a boom to the local construction industry. This year, the City of New York was given authority to use design-build on a project-by-project basis.
The MTA has proposed a robust investment goal in its five-year capital program. Spending is anticipated to increase to $7.9 billion in 2019 and $8.5 billion in 2020.
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