The quality of infrastructure in the U.S. ranks just 19th in the world, trailing countries such as Oman, Portugal, and Spain, according to the World Economic Forum’s Global Competitiveness Report. Financially strapped state and local governments are responsible for the poor showing.
The American Society for Civil Engineers (ASCE)gave the U.S. a D+ in its annual Infrastructure Report Card, saying the country needs to invest $3.6 trillion by 2020 to upgrade our infrastructure. Infrastructure spending continues to lag, even while the economy adds jobs, GDP continues to grow, and home sales rebound following the recession.
States, counties, and cities, which are primarily responsible for funding schools, roads, waste disposal facilities, and other community assets, are focused on paying down debt and don’t have the money for a needed infrastructure spending spree. In the last few years, the bond markets have issued few notes for new capital projects despite historically low interest rates, according to the Securities Industry and Financial Markets Association. Much of the current municipal bond issuance appears to be refinancing.
In addition, with the federal government’s Highway Trust Fund expected to run out of money in August unless Congress replenishes it, many state transportation projects are in limbo.
(http://fivethirtyeight.com/features/why-we-still-cant-afford-to-fix-americas-broken-infrastructure/)
Related Stories
| Mar 6, 2013
AAMA moves to streamline windows, doors certification extensions
The American Architectural Manufacturers Association (AAMA) says it will update an interim procedural guide that will provide a documented, optional process to extend current, unexpired AAMA product certification.
| Feb 26, 2013
Tax incentive database for reflective roofs available
The Roof Coatings Manufacturers Association (RCMA) and the Database of State Incentives for Renewables & Efficiency (DSIRE) created a database of current information on rebates and tax credits for installing reflective roofs.
| Feb 26, 2013
Southern Pine Inspection Bureau publishes new design values effective June 1
New design values for all sizes and grades of visually graded Southern Pine dimension lumber were published in the Southern Pine Inspection Bureau’s (SPIB) Supplement No.13 to the 2002 Standard Grading Rules for Southern Pine Lumber on Feb. 11.
| Feb 26, 2013
ANSI standard for interior doors open for second public ballot
WDMA I.S.6A-11, Industry Standard for Interior Architectural Wood Stile and Rail Doors and WDMA I.S.1A-11, Industry Standard for Interior Architectural Wood Flush Doors, are now open for their second ballot for recognition as American National Standards.
| Feb 26, 2013
CRSI releases new technical note on stainless steel reinforcing bars
The Concrete Reinforcing Steel Institute (CRSI) has released a new technical note, Frequently Asked Questions (FAQ) about Stainless Steel Reinforcing Bars, to its online collection.
| Feb 26, 2013
Proposed ASHRAE standard revisions would boost requirement for automatic lighting
Proposed changes to the ASHRAE/IES energy standard would require automatic lighting controls in more space types and shorten the times before lighting is automatically reduced or shut off.
| Feb 20, 2013
Bill would make all California state building codes free and open source
California Assembly Bill 292 would make the California Code of Regulations (including the Building Codes) open source.
| Feb 20, 2013
Pittsburgh’s Phipps Conservatory aims for three top green certifications
The $15 million Center for Sustainable Landscapes at Phipps Conservatory and Botanical Gardens in Pittsburgh, a net-zero facility, is applying for certification from three of the world's most stringent green rating systems—the Living Building Challenge, LEED Platinum, and the Sustainable Sites Initiative.
| Feb 20, 2013
ANSI/CRRC Cool Roof Standard has been approved
The Cool Roof Rating Council says the American National Standards Institute has given final approval of its ANSI/CRRC-1-2012 Standard after a two-year public review process.
| Feb 20, 2013
Group of West Coast civil engineers developing building standards for tsunamis
A group of civil engineers from around the western U.S. is developing additions to the building code to address the threat of a tsunami.