Infrastructure woes take toll on US economy-engineers
Thursday, July 28, 2011 at 10:40AM Click here for complete article > Reuters
July 27, 2011
Failing infrastructure will cost the United States billions of dollars in lost productivity, income and trade in coming decades, according to a civil engineering report released on Wednesday that said the impact on gross domestic product could reach $2.7 trillion.
The American Society of Civil Engineers regularly tallies the amount needed to upkeep declining U.S. roads, bridges and waterways. It said the country will need to invest roughly $220 billion annually to maintain the country's infrastructure in "minimum tolerable conditions."
It said the gap between infrastructure needs and federal funding is growing.
American Society of Civil Engineers releases first-ever report on how U.S. economy and family budgets will fare if America fails to fund surface transportation improvements.
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Click here for complete article > American Society of Civil Engineers
July 27, 2011
The nation’s deteriorating surface transportation infrastructure will cost the American economy more than 870,000 jobs, and suppress the growth of the country’s Gross Domestic Product by $3.1 trillion by 2020, according to a new report released today by the American Society of Civil Engineers. The report, conducted by the Economic Development Research Group of Boston, showed that in 2010, deficiencies in America’s roads, bridges, and transit systems cost American households and businesses more than $129 billion, including approximately $97 billion in vehicle operating costs, $32 billion in delays in travel time, $1.2 billion in safety costs, and $590 million in environmental costs…
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Failure to Act: The economic impact of current Investment Trends in surface Transportation Infrastructure
This report seeks to provide an objective analysis of the economic implications of the United States’ continued underinvestment in infrastructure. The Report Card for America’s Infrastructure, published every four years by the American Society of Civil Engineers, grades the current state of 15 national infrastructure categories on a scale from A through D for gradations of excellent to poor, and F for failing. This report answers the question “So what?” In terms of economic performance, what does a D mean? What does an F mean?
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