ASCE’s economic report on surface transportation, released in July 2011, found that our deteriorating infrastructure will cost the American economy more than 876,000 jobs and suppress the growth of our GDP by $897 billion by the year 2020. We are facing a funding gap of about $94 billion a year with our current spending levels. The good news is that with a modest investment, roughly equivalent to 60 percent of what Americans spend on fast food per year, we can protect jobs, save travel time, and keep about $1,060 a year in the bank account of American households each year. View the report and related documents on transportation infrastructure:
Key findings:
Decaying infrastructure costs U.S. billions each year, report says Washington Post
New Report: Failure to Invest in Transportation Infrastructure Will Cost Jobs, Shrink GDPNatural Resources Defense Council - Switchboard
Civil Engineers: Families Will Suffer if Infrastructure Crumbles Trucking Info - Heavy Duty Trucking Magazine
Civil Engineers Report: Failure to Improve Transportation Infrastructure Will Cost America DearlyThe Council State of Governments’ Knowledge Center
Infrastructure woes take toll on US economy-engineers Reuters
Deteriorating Transportation Infrastructure Could Cost America $3.1 TrillionHuffington Post
Rehall renews call for infrastructure plan Charleston Gazette