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2013 Report Card: America’s Infrastructure

March 19, 2013 Comments off

2013 Report Card: America’s Infrastructure

Source: American Society of Civil Engineers

From Executive Summary:

Every family, every community and every business needs infrastructure to thrive. Infrastructure encompasses your local water main and the Hoover Dam; the power lines connected to your house and the electrical grid spanning the U.S.; and the street in front of your home and the national highway system.

Once every four years, America’s civil engineers provide a comprehensive assessment of the nation’s major infrastructure categories in ASCE’s Report Card for America’s Infrastructure (Report Card). Using a simple A to F school report card format, the Report Card provides a comprehensive assessment of current infrastructure conditions and needs, both assigning grades and making recommendations for how to raise the grades. An Advisory Council of ASCE members assigns the grades according to the following eight criteria: capacity, condition, funding, future need, operation and maintenance, public safety, resilience, and innovation. Since 1998, the grades have been near failing, averaging only Ds, due to delayed maintenance and underinvestment across most categories.

Now the 2013 Report Card grades are in, and America’s cumulative GPA for infrastructure rose slightly to a D+. The grades in 2013 ranged from a high of B- for solid waste to a low of D- for inland waterways and levees. Solid waste, drinking water, wastewater, roads, and bridges all saw incremental improvements, and rail jumped from a C- to a C+. No categories saw a decline in grade this year.

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Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future

January 22, 2013 Comments off

Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future (PDF)
Source: American Society of Civil Engineers
From press release:

ASCE’s Failure to Act economic report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.

The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.

ASCE finds that with an additional investment of $157 billion a year between now and 2020, the U.S. can eliminate this drag on economic growth and protect:

  • $3.1 trillion in GDP, almost the equivalent of Germany’s entire GDP
  • $1.1 trillion in U.S. trade value, equivalent to Mexico’s GDP
  • 3.5 million jobs, more than the jobs created in the U.S. over the previous 22 months
  • $2.4 trillion in consumer spending, comparable to Brazil’s GDP
  • $3,100 in annual personal disposable income

Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure

April 28, 2012 Comments off

Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure
Source: American Society of Civil Engineers

Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure shows that an investment in our nation’s generation, transmission, and distribution systems can improve reliability, reduce congestion, and build the foundation for economic growth. Based on current investment trends, the national electricity infrastructure gap is estimated to be $107B by 2020, or just over $11B per year. By 2020, shortfalls in grid investments are expected to account for almost 90% of the investment gap with nearly $95B in additional dollars needed to modernize the grid.

Closing the electricity investment gap would lead to fewer brownouts and blackouts and save US businesses $126 billion, prevent the loss of 529,000 jobs and $656 billion in personal income losses for American families.

New Report Shows Failing to Invest in Transportation Will Cause Job Loss, Shrink Household Incomes

July 28, 2011 Comments off

New Report Shows Failing to Invest in Transportation Will Cause Job Loss, Shrink Household Incomes
Source: American Society of Civil Engineers
From press release:

The nation’s deteriorating surface transportation infrastructure will cost the American economy more than 870,000 jobs, and suppress the growth of the country’s Gross Domestic Product by $3.1 trillion by 2020, according to a new report released today by the American Society of Civil Engineers. The report, conducted by the Economic Development Research Group of Boston, showed that in 2010, deficiencies in America’s roads, bridges, and transit systems cost American households and businesses more than $129 billion, including approximately $97 billion in vehicle operating costs, $32 billion in delays in travel time, $1.2 billion in safety costs, and $590 million in environmental costs.

If investments in surface transportation infrastructure are not made soon, those costs are expected to grow exponentially. Within 10 years, U.S. businesses would pay an added $430 billion in transportation costs, household incomes would fall by more than $7,000, and U.S. exports will fall by $28 billion.

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