Friday 29 July 2011

Deteriorating Transportation Infrastructure Could Cost America $3.1 Trillion

And like here, that is roading that will never get built, infrastructure that will never be fixed.

Bloomberg, 27 July, 2011




New tires add up. That's the finding of a report issued Wednesday by the American Society for Civil Engineers, which tallies up the cost of our decaying surface transportation infrastructure, from potholes to rusting bridges to buses that never come.

The engineers found that overall, the cost of failing to invest more in the nation's roads and bridges would total $3.1 trillion in lost GDP growth by 2020. For workers, the toll of investing only at current levels would be equally daunting: 877,000 jobs would also be lost. Already, the report found, deficient and deteriorating surface transportation cost us $130 billion in 2010.

For article GO HERE

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