Traffic is costly, and it's getting costlier
Just a day after President Obama visited the Port of Miami and called for the creation of a National Infrastructure Bank to spur large-scale infrastructure projects, the Washington Post published a lengthy article on the crumbling of the national highway system.
The gist? The longer we wait to make repairs on roads that were built in the 1950s and 60s, the more expensive the necessary upgrades will become. This has resulted in state governments getting creative to fund transportation fixes while Congress sits on its hands.
Using the DC region’s Capital Beltway to describe the cost of this disrepair (and referring to a recent report that gave the nation’s infrastructure a D+ grade), the Post story offered some interesting nuggets:
Nearly a third of the nation’s major roads need significant repair or replacement, with a far higher percentage in the busiest urban areas. In Washington and its suburbs, it soars to 62 percent.
Forty-two percent of urban roadways suffer from congestion, costing an estimated $101 billion in wasted time and gasoline each year, according to a study released earlier this month by the American Society of Civil Engineers.
We’re glad the Post is paying attention to this problem and that President Obama is stumping for infrastructure investment after talking it up in his State of the Union address. But when the federal government finally gets around to financing these fixes, don’t forget: We need to keep it American-made.
Read the whole Washington Post story here.
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