28 Jul '11, 7pm

New Report: Failure to Invest in Transportation Infrastructure Will Cost Jobs, Shrink GDP

New Report: Failure to Invest in Transportation Infrastructure Will Cost Jobs, Shrink GDP

In a new report released this week (covered by streetsblog and the WashPost among other outlets), the American Society of Civil Engineers (ASCE) takes a closer look at how our deteriorating surface transportation infrastructure – which earned a “D” grade from ASCE in 2009 -- affects American families, businesses, and our national competitiveness. As you might guess, it’s not pretty. ASCE calculates that the impact of deteriorating roads, rails, bridges and transit amounts to 870,000 jobs lost and $3.1 trillion in GDP lost by 2020. Crumbling, congested roads and a lack of transportation options means American families and business are spending more time, using more fuel, and spending more money to get where they need to go. One interesting note for the large amount of traffic on interstate highways in urban areas -- 47 percent of that traffic is on deficient roads, versus o...

Full article: http://switchboard.nrdc.org/blogs/dlovaas/new_report_fail...

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