The American Society of Civil Engineers released a new report, Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure System, to explore the economic challenges associated with inadequate investments in infrastructure.
The study compares current and projected needs for infrastructure investment against the current funding trends in surface transportation (highways, bridges), seaports and inland waterways.
The analysis finds current funding levels will cover only 57% of the aggregate infrastructure system needs by 2039. By 2039, inland waterways and marine ports are projected to have a funding deficit of $49 billion, and the projected funding gap for surface transportation is $2.5 trillion.
