Check Out Our New “Failure to Act” Economic Report!

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Last Thursday, ASCE released its latest “Failure to Act” report on the economic impact of underinvestment in America’s infrastructure. In the report, we’ve projected a significant gap between planned investment and spending needs for the nation’s airports, marine ports, and inland waterways. With ports and inland waterways critical to our nation’s global competitiveness, the report forecasts investment falling $16 billion short of the $30 billion needed through 2020. For airports, there is a projected gap of $19 billion from a total need of $114 billion. Failing to meet the gaps creates a drag on the economy by causing congestion and delays for U.S. businesses that import and export goods, leading to higher transportation costs and causing the price of goods to rise. Read and download the full report.

The fourth report in the Failure to Act series was released during two events in Washington, D.C., one for media members and another for Congressional staff. Both events were moderated by ASCE President Andy Herrmann, and joined by Virginia Port Authority Executive Director Jerry Bridges, and Rick Calhoun, President of Cargo Carriers. The event on Capitol Hill was highlighted by remarks from Congresswoman Janice Hahn (D-CA), co-chair and founder of the Ports Caucus.

Previous Failure to Act reports have analyzed electricity, surface transportation, and drinking water and wastewater. Access the complete series at www.asce.org/failuretoact.

 

You can view media coverage of the release below:

America’s ailing ports invisible amid the country’s failing infrastructure
Washington Post
The estimate was presented Thursday in a report by the American Society of Civil Engineers, a professional trade group that has commissioned a series of reports on the gap between current spending on infrastructure and the funding needed to repair or …

Aging Port Infrastructure Threatens 1 Million U.S. Jobs, Says ASCE
Dredging Today
Aging infrastructure for marine ports, inland waterways, and airports threatens more than 1 million U.S. jobs according to a new Failure to Act report from the American Society of Civil Engineers (ASCE)…

American Society of Civil Engineers says U.S. jobs threatened by aging ports …
Birmingham Business Journal
A report by the American Society of Civil Engineers said jobs in the United States will be threatened unless maintenance of aging infrastructure for marine ports and inland waterways is properly funded.

Billions in upgrades needed for ports, waterways, civil engineering group …
Corpus Christi Caller Times
The Failure to Act report, completed by the American Society of Civil Engineers warns that the country needs about $30 billion in infrastructure improvements to accommodate expanded international trade by 2020. That is about $16 billion more than what …

Study shows port funding lax, but Manatee ahead of game
Bradenton Herald
That shortfall could create a drag on the U.S. economy to the tune of 1 million jobs and $700 billion worth of GDP by 2020, according to a report released Thursday by the American Society of Civil Engineers. The group lobbied for the federal government …

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