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Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure

April 28, 2012 Comments off

Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure
Source: American Society of Civil Engineers

Failure to Act: The Economic Impact of Current Investment Trends in Electricity Infrastructure shows that an investment in our nation’s generation, transmission, and distribution systems can improve reliability, reduce congestion, and build the foundation for economic growth. Based on current investment trends, the national electricity infrastructure gap is estimated to be $107B by 2020, or just over $11B per year. By 2020, shortfalls in grid investments are expected to account for almost 90% of the investment gap with nearly $95B in additional dollars needed to modernize the grid.

Closing the electricity investment gap would lead to fewer brownouts and blackouts and save US businesses $126 billion, prevent the loss of 529,000 jobs and $656 billion in personal income losses for American families.

Categories: American Society of Civil Engineers, business and economics, energy, infrastructure

New Report Shows Failing to Invest in Transportation Will Cause Job Loss, Shrink Household Incomes

July 28, 2011 Comments off

New Report Shows Failing to Invest in Transportation Will Cause Job Loss, Shrink Household Incomes
Source: American Society of Civil Engineers
From press release:

The nation’s deteriorating surface transportation infrastructure will cost the American economy more than 870,000 jobs, and suppress the growth of the country’s Gross Domestic Product by $3.1 trillion by 2020, according to a new report released today by the American Society of Civil Engineers. The report, conducted by the Economic Development Research Group of Boston, showed that in 2010, deficiencies in America’s roads, bridges, and transit systems cost American households and businesses more than $129 billion, including approximately $97 billion in vehicle operating costs, $32 billion in delays in travel time, $1.2 billion in safety costs, and $590 million in environmental costs.

If investments in surface transportation infrastructure are not made soon, those costs are expected to grow exponentially. Within 10 years, U.S. businesses would pay an added $430 billion in transportation costs, household incomes would fall by more than $7,000, and U.S. exports will fall by $28 billion.

+ Full Report (free registration required)

Categories: American Society of Civil Engineers, business and economics, infrastructure, transportation and travel
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