Report: US Must Spend $2 Trillion on Roads, Bridges

Tuesday, 17 May 2011 11:31 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The United States will need to spend $2 trillion on its roads and bridges if it hopes to remain competitive in the global marketplace. The country is falling behind the rest of the world in rebuilding and updating its transportation network, according to a report from the Urban Land Institute, The Washington Post reported.

US, roads, bridges, global, trillionsThe United States already trails Brazil, China, and India, the institute said. The decline in roads, sewers, and water pipes eventually will lead to tolls on interstate roads, hikes in water and sewer bills, and higher property taxes, the Post reported.

“Over the next five to 10 years, public concerns will grow over evident declines in the condition of infrastructure. At some attention-getting point after infrastructure limps along, platforms for reinvesting in America could gain significant traction and public support,” the Post quotes the report as saying.

Although Congress has failed to approve the two major bills concerning aviation and transportation, China has moved ahead with spending $1 trillion on high-speed rail, highways, and other infrastructure improvements. India has spent nearly $500 billion on roads and plans to double that by 2017, and Brazil plans to spend $900 billion on energy and transportation projects by 2014, the Post reported.


The report concluded that the United States needs to invest $2 trillion to rebuild roads, bridges, water lines, sewage systems, and dams, the Post reported.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Teacher Tried to Stop Washington State Shooting

Saturday, 25 Oct 2014 15:56 PM

A union official says a newly hired high school teacher confronted a gunman during a deadly shooting at a Washington sta . . .

Ebola Airport Order Opens Cuomo-de Blasio Rift

Saturday, 25 Oct 2014 15:20 PM

A decision by New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie to subject medical personnel to a 21-day qua . . .

Early Voting Alters Campaigns' Strategies, Costs

Saturday, 25 Oct 2014 14:35 PM

For over 1 million Californians, the Nov. 4 election is over. That's because they've already voted. A growing throng of  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved