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

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
Sarah Le
Sarah Le
reporter
|Updated:

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.

Sarah Le
Sarah Le
reporter
Sarah Le is an editor for The Epoch Times in Southern California. She lives with her husband and two children in Los Angeles.
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