34 days ago • Posted by Martin Boujol
The US misses cash to meet their infrastructure investment goals
The American Society of Civil Engineering rates, every 4 years, the 17 major infrastructure categories of the country using criteria such as capacity, condition, funding and public safety. The scores go from A for the best to F for the worst state. The overall country score climbed from D+ in 2017 to C- in 2021, the first time that the country is above D in 2 decades. However, 11 out of the 17 categories are still in the D range. The very bad news is that the long term infrastructure investment gap is continuing to grow, as the US seem to miss half of the cash needed to push their objectives through. According to the report, at this rate, the GDP will lose $10 trillion by 2039, along with 3 million jobs. How will they manage to close the gap in the coming years?
Source: Statista, American Society of Civil Engineers