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    Thursday
    Aug042011

    The Real Price of Infrastructure Disinvestment

    Bruce Josten writes in a recent article for Chamber Post:

    "Without adequate levels of investment, the economy will shed 640,000 jobs by 2020, according to the U.S. Department of Transportation. The American Society of Civil Engineers, in a study released last week, found that inadequate investment will result in $3.1 trillion in lost economic growth, $430 billion in additional transportation costs for business, a drop in household income by more than $7,000, and a $28 billion decline in U.S. exports by 2020. The Chamber’s recent Transportation Performance Index also documents the economic consequences of not addressing transportation system performance."

     

    Here are some impact exceprts from the American Society of Civil Engineers:

     

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