2012beof-111206092256-phpapp02

2012beof-111206092256-phpapp02

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Unformatted text preview: government. Commercial and residential markets remain stagnant, and privately financed development is scant. City and county funding is likewise flat statewide. 2012 Colorado Business Economic Outlook COnSTRUCTIOn EMPLOyMEnT In 2011, it is anticipated that transportation funding from all sources will decline by 3%. The Colorado Department of Transportation (CDOT) expects to increase its 2012 construction program by $200 million due to newly allocated federal funds and one-time efficiency measures. Projects include the widening of I-25 north of Colorado Springs, and tunnel improvements on I-70 at the Twin Tunnels near Idaho Springs. A large project is US 36 Managed Lanes, which includes highway upgrades and bus lanes. It already has approval and financing, and will add to activity in 2012. CDOT’s FASTER-funded Colorado Bridge Enterprise (CBE) issued $300 million in federally subsidized bonds to repair the state’s 120 structurally deficient and functionally obsolete bridges. A number of these projects will begin or continue during 2012. City and county road projects will likely be affected by decreased budgets, and the t...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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