The December 2023 Transportation Market Recap is a recap of some of the most interesting and useful transit industry news from the previous month. It contains updates on industry drivers, notable projects, and recent mergers and acquisitions, as well as some interesting reads, and upcoming meetings and conferences.
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Here are some recent, notable Capital Improvement Programs (CIPs). FirmoGraphs has deconstructed the CIPs into data elements, along with available project descriptions. Please feel free to request a meeting and review the data live in our business intelligence application.
In the CIP covering the 2024-2028 fiscal years, Montgomery County, Maryland, detailed plans to spend $4.7 billion on capital projects, a decrease of 11% from $5.3 billion in its 2023-2028 CIP. The current CIP has 417 line items, compared to 415 line items in the prior CIP. The table below breaks down Montgomery County’s planned capital spending by business area for its last two CIPs.
All business areas decreased. The most significant goes to Montgomery Public School, which decreased by 11% due to ongoing projects. The Transportation category as well as General Government category also decreased by $77 million and $68 million, respectively.
Montgomery County, Maryland, has one notable line item valued at over $400 million and three at over $100 million. The most significant line item is the Bus Rapid Transit: MD 355 Central, worth $410 million, under the Transportation category. This project involves constructing a new Bus Rapid Transit (BRT) line on MD 355 between Rockville and Germantown. It also includes dedicated BRT lanes, new BRT stations with level boarding and off-board payment, Transit Signal Priority (TSP), purchase of new zero-emission BRT buses, and other associated pedestrian and bicycle improvements along the corridor. Listed below are the other notable line items.
Click Here to See Montgomery County, Maryland, CIP
In the CIP covering the 2024 fiscal year, City of Saint George, Utah, detailed plans to spend $177 million on capital projects, an increase of 44% from $123 million in its 2023 CIP. The current CIP has 107 line items, compared to 94 line items in the prior CIP. The table below breaks down Saint George’s planned capital spending by business area for its last two CIPs.
Planned spending in the Transportation Improvement Fund increased by 33,385% due to the Transfer to Other Funds program added in the recent CIP, worth $33 million. The General Capital Projects Fund also increased by 24% with funding towards existing projects especially the Fire Station Head Quarters Replacement which increased by $10 million in the recent CIP.
The City of Saint George has one notable line item valued at over $25 million and one at over $10 million. The largest project is the New City Hall Downtown, worth $31 million, under the General Capital Projects Fund. In addition, $11 million is programmed for the 1450 South Extension To Crosby Way project, under the Public Works Capital Projects Fund.
Click Here to See City of Saint George, Utah, CIP
In the CIP covering the 2024-2028 fiscal years, Alachua County, Florida, detailed plans to spend $222 million on capital projects, an increase of 51% from $147 million in its 2023-2027 CIP. The current CIP has 349 line items, compared to 174 line items in the prior CIP. The table below breaks down Alachua County’s planned capital spending by business area for its last two CIPs.
Planned spending in the Transportation - Programs increased largely by 520% due to the 297 projects added, including the NE/NW 53 Ave US 441-SR 24 SE - Rehab (Major), worth $7 million.
Alachua County has only one notable line item valued at over $10 million. The project is the Northwest (NW) County Road (CR) 235A NW 190 Ave-NW CR 236, under the Transportation Programs category, worth nearly $11 million.
Click Here to See Alachua County, Florida, CIP
In the CIP covering the 2024-2043 fiscal years, El Dorado County, California, detailed plans to spend $720 million on capital projects, an increase of 8% from $666 million in its 2023-2042 CIP. The current CIP has 111 line items, compared to 104 line items in the prior CIP. The table below breaks down El Dorado’s planned capital spending by business area for its last two CIPs.
Planned spending in the Miscellaneous category increased by 63%. The increase goes to the Road Maintenance and Traffic Signal Intersection Operational and Safety Improvements. On the other hand, the Bridge category decreased by 27% due to projects nearing completion.
El Dorado County has four line items valued at over $25 million. The largest line item is the Mosquito Road Bridge at South Fork American RiverBridge Replacement, worth $45 million, under the Bridge category. The project includes the replacement of the Mosquito Road bridge at the South Fork American River crossing, as well as widening and realignment at the bridge approaches. Listed below are the other notable line items:
Click Here to See El Dorado County, California, CIP
Here are some recent articles our team has been reading:
In this over-digitized age, there is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the U.S. transit industry so you won’t miss upcoming meetings and deadlines. Additionally, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events.
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Name Organization |
Name Meeting Key |
Date Start |
Date End |
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American Concrete Pavement Association |
2024-01-22 |
2024-01-25 |
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National Asphalt Pavement Association |
2024-01-28 |
2024-01-31 |