The state of US infrastructure. Some scary numbers.
• Traffic congestion cost to the US economy is $120 billion per year.
• $35 billion due to bad airports.
• 11% of workers are employed in infrastructure related sectors.
• Infrastructure spending provides three dollars of GDP for every one dollar spent - University
• There's a $1.5 trillion infrastructure gap according to the American Society of civil
• $800 billion is required to upgrade roads and bridges - Department of transport.
• $150 billion per year to keep abreast of infrastructure spending up to date - McKinsey.
• One in for bridges are deficient.
• 20% of flights are delayed.
• One in five passenger railways are in poor condition- Department of Transport.
• The EPA believes that $632 billion of investment is required in water wastewater and
irrigation systems over the course of the next decade.
• The broadband gap hurts low income Americans.
• Internationally, US ranked 16th for quality of infrastructure down from fifth in 2002. Ranks 19th
• The average commuting time in US is well above global peers.
• The average train speed is half of that of Europe.
• European countries spend on average 5% of GDP on April structure where the US spends
• 25% of US public infrastructure funding comes from the federal government 38% in 1977.
• The highway trust fund HTF faces insolvency because gas taxes are too low.