U.S. infrastructure is aging. Roads wear down. Power grids face greater demands. A growing percentage of bridges are more than 50 years old. In addition, researchers project that climate change is causing more extreme and more frequent severe weather events, further threatening critical infrastructure.
Meanwhile, the American Society of Civil Engineers estimates a $2.59-trillion (and growing) investment gap between what’s needed for infrastructure in the next 10 years and what will actually be spent.