Expert: U.S. must spend $2.2T on infrastructure

10/20/2009 | American City Business Journals

The U.S. must spend about $2.2 trillion within the next five years to repair its aging transportation and water infrastructure systems, according to planning expert Tom Murphy. Murphy, a senior resident fellow at the Urban Land Institute, said the U.S. must fix its infrastructure to confront climate change and handle population growth. He also noted that developers should focus on revitalizing urban areas instead of building in outlying areas that would require new highways.

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