The American Society of Civil Engineers (ASCE) released its 2017 Infrastructure Report Card last week, giving overall infrastructure in the United States a cumulative grade of D+. On the water side, wastewater scored a D+ while drinking water received a D.
Released every four years, ASCE’s Report Card for America’s Infrastructure depicts the condition and performance of American infrastructure in the familiar form of a school report card. The report addresses the state of various construction markets across the full spectrum of infrastructure, from roads, rail, aviation, ports, bridges, dams and parks, to schools, transit, energy, waste and drinking water and wastewater.
Since 1998, U.S. infrastructure has earned persistent D averages, and the failure to close the investment gap with needed maintenance and improvements has continued. But the larger question at stake is the implication of a D+ infrastructure on America’s economic future.
“Good infrastructure allows us to be more competitive in the world,” said Greg DiLoreto, chair of ASCE’s committee on America’s infrastructure. “We know work we’ve done shows that if we don’t have a competitive infrastructure, it will cost this economy $3.9 trillion in our gross domestic product.
ASCE’s 2017 report card reveals a cumulative infrastructure investment need of roughly $4.59 trillion. Read More...