Economic Analysis Shows Impacts of Under Investing in Infrastructure
Aging infrastructure for marine ports, inland waterways and airports threatens more than one million U.S. jobs, according to a new Failure to Act report from the American Society of Civil Engineers. Between now and 2020, investment needs in the nation’s marine ports and inland waterways sector total $30 billion while planned expenditures are about $14 billion, leaving a total investment gap of nearly $16 billion.
Similarly, with airports between now and 2020, there is an investment need of about $114 billion, while anticipated spending is $95 billion, leaving a gap of nearly $19 billion, as well as an additional need of about $20 billion to implement NextGen.