NEW YORK–(BUSINESS WIRE)–The outlook is stable for U.S. transportation infrastructure headed into next year, though the sector is not without its uncertainties, part of which stem from the new Presidential administration’s plans for infrastructure, according to Fitch Ratings in its 2017 outlook report. Part of what will drive modest growth for transportation infrastructure will be low fuel prices, according to Director Tanya Langman. ‘Congestion relief and infrastructure renewal needs will continue to necessitate debt borrowing and investing by large transportation enterprises,’ said Langman. Low gas prices will buoy toll roads in particular, with Fitch projecting moderate traffic growth in 2017. Growth is also in the cards for U.S. airports, with Fitch projecting up to 3% passenger growth next year and major market airports to drive the majority of that growth.
- Ohio to make 35 miles of US 33 a Smart Mobility Corridor for smart road tech testing
- Construction On Downtown Estes Park Loop To Start In 2021