Infrastructure Repairs and Improvements
Wanted: More Money for U.S. Transportation
There is no shortage of information disseminated by industry publications, Federal and State authorities, and media outlets referencing the aging U.S. infrastructure. More specifically, the highways and bridges that are in need of significant repairs and improvements. The required infrastructure projects will cost money, and lots of it!
According to the American Society of Civil Engineers (ASce) 2013 Report card for America’s Infrastructure, U.S. roadways were given a ‘D’ (“poor”) grade and have the following issues:
- 42% of America’s major urban highways are congested.
- Highway congestion costs the U.S. economy an estimated $101 billion in wasted fuel annually.
- 32% of America’s major roads are in poor or mediocre condition.
- Roadway conditions are a significant factor in 33% of all U.S. traffic fatalities.
- federal, State, and local authorities’ level of investment is insufficient to maintain and improve the infrastructure.
- the federal Highway Administration (fHWA) estimates that $170 billion in capital investment is needed annually to significantly improve road conditions.