Saturday, April 12, 2008

The latest road construction inflation figures

From the American Road & Transportation Builders Association:

The cost of highway and street construction materials was up 11.3 percent in February 2008 compared to the same month last year. During the same time period, inflation, as measured by the consumer price index, was 4 percent. Over the last five years, between 2003 and 2008, the price of highway and street construction materials rose 52 percent.

That 3% inflation rate
the Wisconsin Department of Transportation is assuming for the unfunded North-South I-94 freeway expansion project looks increasingly absurd with every day that passes.

1 comment:

Anonymous said...

The Wednesday, April 15 issue of the Journal Sentinel, in the "Metro" section has the announcement of an information session for people seeking employment in the $1.9 million construction project. Perhaps the DOT is trying to help the roadbuilding industry get a head start in getting (token?) minority and disadvantaged participation. Or is the DOT scheming to enlist ravenous job seekers to help fight the war against facts, climate-change reality, and common sense. Steve, Steve3@mail.com