ASCE: Old infrastructure costs U.S. billions

07/28/2011 | Washington Post, The

Deteriorating streets, highways, bridges, railways and public transportation systems cost the U.S. $129 billion a year, a study by the American Society of Civil Engineers found. If improvements aren't made soon, decaying surface infrastructure will cost businesses $430 billion a year within a decade, the ASCE said. "The link between a nation’s infrastructure and its economic competitiveness has always been understood," says Kathy Caldwell, president of the ASCE. "But today, for the first time, we have data showing how much failing to invest in our surface transportation system can negatively impact job growth and family budgets."

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