10 Infrastructure Investment Predictions for 2018

We’ve all heard it many times before; construction will see greater investment in infrastructure in 2018. But a new report states there are some key trends that have influenced federal and state governments to invest in the nation’s aging infrastructure and utilities in order to build a smarter and more balanced grid.

TRC Companies, an engineering, environmental consulting and construction-management services firm, suggests there are ten big trends that construction companies need to keep an eye on in the coming months.

  1. Infrastructure spending will intensify as a result of comprehensive federal infrastructure legislation potentially bankrolling projects both big and small across the entire country.
  2. States will rely on alternative approaches to planning and construction in order to pay for their projects. This could include more design/build transportation projects or more public-private partnerships. 
  3. There will be a boom in projects in some states that will prompt labor shortages across the board. This will in turn lead to delays for many companies, if they don’t plan ahead for this challenge.
  4. There will be a greater move toward renewable sources of energy, which will result in more solar, wind, geothermal and hydro construction projects.
  5. More priority will be placed on expanding energy storage and finding new uses for older power plants.
  6. The push for smart grids will pick up from both the utility side and the regulatory side.
  7. Pipeline rules will be in flux, with new rules being finalized and other eliminated.
  8. Investment in natural gas projects will be tempered by low prices.
  9. Technological advancements will lead to increased air quality monitoring.
  10. Renovation and re-use will be the name of the game in commercial real estate.

All of these trends will impact how the construction industry conducts business and goes to market in the year ahead and beyond.

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