ASCE Infrastructure Report Shows Negative Trend for Several Sectors
An updated report from the American Society of Civil Engineers on the outlook for U.S. infrastructure sketches a worsening picture for some sectors and status quo for others. In 2001, ASCE gave public works an overall grade of D-plus. The group didn't issue new marks this time for the 12 sectors, but assessed the trend and outlook for each.
ASCE now says $1.6 trillion is needed over the next five years to bring public works up to acceptable levels, up from $1.3 trillion recommended in 2001. It also called for a presidential commission to study U.S. infrastructure.