Study: $2 trillion needed for U.S. infrastructure

From the WASHINGTON POST:

The United States is falling dramatically behind much of the world in rebuilding and expanding an overloaded and deteriorating transportation network it needs to remain competitive in the global marketplace, according to a new study by the Urban Land Institute...

The report envisions a time when, like Detroit, U.S. cities may opt to abandon services in some districts and when lightly used blacktopped rural roads would be allowed to return to nature. Eventually, the report says, the federal gas tax will be increased; local governments will be allowed to toll interstate highways; water bills will rise to pay for pipe and sewer replacement; property and sales taxes will increase; and private, profit-seeking companies will play a much larger role in funding and maintaining public projects…

“Infrastructure should be part of the larger conversation about ‘what do you want government to do and how do you want to pay for it?’ ” said Jay Zukerman of Ernst & Young, which conducted the institute’s study…

Click here to read the full article.

Share