Have you ever wondered how much congestion costs you in real dollars, or what underinvestment in infrastructure really means to the nation’s eeconomy? So have we at ASCE, and to get the answers we commissioned an independent study that we released last week. Maybe you saw coverage of our release of “Failure to Act: The Economic Impact of Current Investment Trends in Surface Transportation Infrastructure.” It was well covered by The Washington Post, among others.
The study found that the cost of deficient transportation infrastructure to American households and businesses is staggering. A key finding is that the increasing deficiency of our nation’s roads, bridges, railways and transit will accelerate the decline in American families’ standard of living. The report delves into this issue deeper by examining
- the cost to families and businesses of failing transportation infrastructure
- the impact of surface transportation deficiencies on U.S. economic competitiveness
- the levels of new investment needed to avoid serious economic consequences
The findings of this report come at a time when Congress ponders deep cuts in transportation infrastructure funding to help reduce the national debt — the opposite of what the nation needs to regain its economic footing and continue to be competitive in world markets. This is the first of four economic studies commissioned by ASCE. Subsequent reports will address water and wastewater, energy transmission, and airports and marine ports.
What examples of the “failure to act” do you see in your community and region? Putting our study in a local context would be a great way to get the report’s message out about the need for greater investment in transportation infrastructure.
Senior Manager, External Relations