Coatings Industry News

Main News Page


Report: Infrastructure Needs $163B

Wednesday, December 10, 2014

Comment | More

A new report says about $163 billion will be needed each year—for the next six years—to fix the aging U.S. surface transportation system, a new report calculates.

The "Bottom Line Report," released Tuesday (Dec. 9), spells out a major gap between what is needed and what is actually spent. According to the report, the cumulative investment needed to meet today's need just for highway and bridges tops $740 billion over six years. Currently, only $83 billion is invested in roads and bridges.

The report comes from the American Association of State Highway and Transportation Officials (AASHTO) and the American Public Transportation Association (APTA).

The report estimates the need for an annual capital investment of at least $120 billion for highways and bridges and $43 billion for public transportation between 2015 and 2020 to improve the system's condition and performance.

'The Top Priority'

The report is based on forecasting models and data systems used by the U.S. Federal Highway Administration and the U.S. Federal Transit Administration, and on the results of FHWA analyses, supplemented by additional research.

AASHTO Bottom Line Report
©iStock.com / gaspr13

The report says $163 billion needs to be invested annually over the next six years to keep the surface transportation system running safely. Currently, only $83 billion gets invested.

"The top priority for every state transportation department is to keep America's surface transportation system operating safely and efficiently," said Bud Wright, AASHTO's executive director.

According to Wright, greater investment "could target the backlog of repair and rehabilitation projects across the country. Workers would benefit—as would the entire U.S. economy."

Restoring the system to meet today's demand would require:

  • $392 billion in highway system rehabilitation;
  • $237 billion in highway system expansion; and
  • $112 billion in bridge rehabilitation.

The investment needs are derived from economic analysis of demand trends and current network performance.

APTA president and CEO Michael Melaniphy said, "As the demand for public transportation increases, our systems are strained and in dire need of strong investment.

"After years of a lack of robust investment, the public transit infrastructure that our communities and businesses rely on to grow and prosper is crumbling. Investment in public transit is a key ingredient to driving growth in our communities, attracting development and causing increased property values along its corridors."

System Demands

The report found about 64,000 structurally deficient bridges are still operating across the country—a category that already shrank by 43 percent from 1994 to 2013 after a major federal infrastructure spending package and state efforts to target older bridges.

©iStock.com / digital94086

Freight ton miles are expected to grow 72 percent by 2040, according to the report.

And demand on the system will only increase, according to the report. Freight ton miles are expected to grow 72 percent from 2015 to 2040, putting more big-rig trucks on often-crowded highways.

The Federal Transit Administration's "State of Good Repair Assessment," which identifies the investments necessary to achieve a state of good repair for current public transit assets, estimates the current state of good repair backlog at $87.7 billion.

Public transportation ridership hit 10.7 billion trips in 2013, its highest number in 57 years, according to the report.

"There is little disagreement about the value of transportation. The business community, trade unions, commercial truck drivers and numerous associations including AASHTO and APTA support greater investment," said Wright.

"We hope this report will help decision-makers better understand what's at stake in deciding on a long-term, sustainable stream of revenue to support transportation infrastructure."

   

Tagged categories: AASHTO; Bridges; Federal Highway Administration (FHWA); Infrastructure; North America; Program/Project Management; Public Transit; Roads/Highways; Transportation

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
KTA-Tator, Inc. - Corporate Office

 
Fischer Technology Inc.

 
SAFE Systems, Inc.

 
DeFelsko Corporation

 
Mitsubishi Gas Chemical America

 
NLB Corporation

 
ABKaelin, LLC

 
HoldTight Solutions Inc.

 
Sidewinder/Persyst Enterprises, Inc.

 
Tarps manufacturing, Inc.

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us