Worn-out state of the country's infrastructure will beat out more than $ 3 trillion. of GDP by the end of the decade, if not more money will be spent to upgrade roads, bridges, airports and ports, according to a recent report from the American Society of Civil Engineers (AOIGS).
Based on current trends AOIGS evaluates the necessary level of investment in the infrastructure of $ 2.7 trillion., And at the same time, they estimated that it will be spent only $ 1.6 trillion., That is, the investment deficit of $ 1.1 trillion. The largest deficit in the financing of land transport infrastructure (roads and bridges), which requires a huge amount of $ 846 billion for airports will require $ 39 billion, and ports and waterways will require $ 16 billion necessary expenditures are evaluated in terms of such things as unreliable transport communication and not enough reliable water supply and power supply.
Effect of lack of investment will lead to a decrease in exports to $ 484 billion and $ 1.1 trillion shortfall in. total trade. This, in turn, will create 3.5 million jobs that could be created, the report said.
"If the money does not invest now, Americans will have to pay more in the long run," — says the president of the American Society of Civil Engineers Gregory DiLoreto.
In some cases, it just takes more money, but this is not always the case. If we talk about the utility to quickly improve the barrier is the regulatory barriers, says former chairman of the Federal Energy Regulatory Commission, an attorney and counselor-profit industry association WIRES, facilitating investment in electric networks Jim Hecker.
"What prevents us? In the case of electricity is not a lack of public funding — our network has largely private funding. But if you want to build a power line, it takes a lot of patience and money to go through the permitting process. "
Is not uncommon for a permit takes a decade. For one 90-mile stretch of power lines, starting in West Virginia, from the design stage to the transfer of energy on it 16 years have passed since he was routed through the U.S. Forest Service land.
The regulatory framework is an artifact from another time, when utilities were local, and networks were not connected to each other. But now they are all united. However, many regulatory agencies at the state, regional and federal levels are involved in the process that requires a lot of coordination and time.
See also U.S. Infrastructure at Risk