OCTA Could Benefit From Lower Construction Costs Due to Pandemic, Analysts Say

The back of an Orange County Transportation Authority (OCTA) bus in Orange County, Calif., on Aug. 21, 2020. John Fredricks/The Epoch Times

The rise in unemployment in California during the COVID-19 pandemic will likely contribute to a drop in construction costs that will benefit the Orange County Transportation Authority (OCTA), according to economic analysts.

“We think that there was a reset in 2020 in terms of pricing,” said Wallace Walrod, chief economic adviser for the Orange County Business Council, during a presentation at an OCTA meeting on Nov. 9.