Infrastructure Investment Critical to Success of Nation’s Economic Stability
December 9, 2009
Reston, Va. — “We applaud the President's commitment to using infrastructure investment as a way to create and support jobs and stimulate the economy in the short-term, both in the stimulus funding and the pending jobs bill. According to the U.S. Department of Transportation, every dollar invested in the nation’s highway system yields $5.40 in economic benefits from reduced delays, improved safety and lower vehicle operating costs and every billion dollars in federal highway construction spending generates more than 30,000 jobs annually.
However, that short-term commitment is only one piece of the puzzle. If a long-term plan isn’t put into place—one that includes sufficient funding levels and a dedicated revenue source—it could amount to nothing more than a band-aid.”
Statement attributable to Blaine D. Leonard, P.E., D.GE, F.ASCE, President, American Society of Civil Engineers (ASCE).
Founded in 1852, the American Society of Civil Engineers represents more than 144,000 civil engineers worldwide and is America’s oldest national engineering society. For more information, visit www.asce.org.