Philippines Road Construction
In its "2005 U.S. Markets Construction Overview," management Philippines road construction consulting firm Corp. has an optimistic view for highway and road construction says despite several obstacles and market uncertainties over the past 12 months, the U.S. highway construction industry has continued to experience positive gains in volume, a trend that is expected to continue, albeit at a moderating pace, for at least the next two years. While 2004 was a year of "wait and see" for the Philippines road construction industry, 2005 will prove critical in determining both the volume and direction of highway-infrastructure improvements for the remainder of the decade.
Fe estimates that highway construction Philippines road construction expenditures will increase by approximately 3 percent in 2004, to a mark just shy of $64 billion. The year 2005 will be a near repeat in pace of growth, adding another $2 billion in volume put-in-place. This is slightly greater than what has been witnessed over the past two years, when growth was closer to 2 percent.
It is said that timing is everything, and timing is precisely why the near-term growth outlook for highway construction falls below initial expectations. Under normal conditions, it could well be expected that 2004 and 2005 would see an increase in spending of perhaps twice as much or more than currently Philippines road construction projected. However, the lack of a permanent federal transportation act has left the various state transportation agencies in a state of limbo and is the primary limiting factor for the industry.
The previous six-year federal transportation act, TEA-21, expired on Sept. 30, 2003. Since no new bill was enacted at that time, the state transportation agencies Philippines road construction have been operating under a series of extensions for more than nine months. The uncertainty and disruption caused by this situation has limited the planning and programming capabilities of these agencies and subsequent project letting capabilities, a condition that will continue until a permanent bill is enacted.
To illustrate this point, the reported that by the end of April 2004 (a full seven months into the 2004 federal fiscal year) approximately $10 billion in federal funds had been obligated to the states.
This is just about half the amount that would have been witnessed under normal circumstances.
For more info about Philippines road construction;
(For Manila and surrounding)
American Design Construction
#92 Ordoņez St. corner Maroon St.
Concepcion Dos, Marikina City
(For Cebu, Bohol, Negros, Leyte)
ET & p Design & Construction #888 Katugasan, Casili Consolacion, Cebu
(For Baguio and surrounding)
RA Gacoscos Construction #99 Greenwater Village Baguio City, Philippines
(For Davao / Mindanao)
Raul G. Anuada (Realtor & Civil Engineer) Unit 162, 16/F Landco PDCP Corporate Center J.P. Laureal Ave., Bajada Davao City
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