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Proposed solutions to improving infrastructure

Posted by: Maven on July 22, 2009 at 7:30 am

From ThomasNet’s Industrial Newsroom:

While much of the government’s $787 billion stimulus package is allocated to infrastructure projects and transportation, more is needed for U.S. networks – and not only in terms of funding.

Many systems of the United States infrastructure network require rebuilding and reinvention. The influx of funding provided by the $787 billion American Recovery and Reinvestment Act of 2009 (ARRA), which sets aside more than $132 billion for a wide range of infrastructure projects, is a good start.

Yet the American Society of Civil Engineers (ASCE) estimates the cost of improving the nation’s infrastructure to acceptable levels is $2.2 trillion over five years. Clearly more is needed — and not only in terms of funding — to adequately address these problems.

A new report from Ernst & Young and the Urban Land Institute warns that short-term stimulus funding for various road, transit, rail and water projects is no substitute for a coordinated, long-range U.S effort to “maintain national prosperity in a rapidly evolving and more competitive global marketplace.”

Read more from ThomasNet’s Industrial Newsroom by clicking here.

July 22, 2009 · Filed Under Infrastructure

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