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NEW YORK CITY-Construction spending citywide, which peaked at $31.1 billion in 2007 and fell as the downturn took hold, will rise again next year and bump back up to $28.6 billion in 2012. That’s if the Metropolitan Transportation Authority’s capital projects program for fiscal ’12 is fully funded—a big “if” at the moment, the New York Building Congress’ Richard T. Anderson said Tuesday. The agency’s five-year capital program is only funded through 2011.

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