The Report Card gives the U.S. an overall ‘C-’ grade and finds the country is spending just over half of what is required to support the backbone of the economy.
The study evaluated 17 categories of infrastructure, with grades ranging from a ‘B’ for Rail to a ‘D-’ for Transit. For the first time in 20 years, the country’s infrastructure as a whole received a grade in the ‘C’ range, meaning on average, the nation’s infrastructure is in mediocre condition, has deficiencies, and needs attention. However, 11 of the 17 categories in the Report Card received a grade in the ‘D’ range: aviation, dams, hazardous waste, inland waterways, levees, public parks, roads, schools, stormwater, transit, and wastewater.
Over the past four years, the U.S. made incremental gains in some categories, according to the Report Card. Due to increased investment, grades improved in aviation, drinking water, energy, inland waterways, and ports. One infrastructure category—bridges—saw a decrease in grade in part because of the number of bridges that slipped to “fair” condition from “good.” Transit received a ‘D-’ in the report, the lowest grade. Some 45% of Americans lack access to transit and existing infrastructure is aging, the report says.
Overall, the long-term infrastructure investment gap continues to grow. That gap has risen from $2.1 trillion over 10 years in the last report to $2.59 trillion in the latest study, meaning a funding gap of $259 billion per year.
“This not a report card anyone would be proud to take home," ASCE Executive Director Thomas Smith, said in a statement. "We have not made significant enough investments to maintain infrastructure that in some cases was built more than 50 years ago. As this study shows, we risk significant economic losses, higher costs to consumers, businesses and manufacturers—and our quality of life—if we don’t act urgently. When we fail to invest in infrastructure, we pay the price.”
If the U.S. does not pay its overdue infrastructure bill, ASCE said by 2039 the U.S. economy will lose $10 trillion in growth and exports will decline by $2.4 trillion. More than 3 million jobs will be lost in 2039. In addition, each American household will bear $3,300 in hidden costs per year.
While ASCE grades the categories individually, the nation’s infrastructure is a series of connected systems. The report found three overarching trends impacting infrastructure:
- Maintenance backlogs continue to be an issue, but asset management helps prioritize limited funding.
- State and local governments have made progress such as leveraging gas tax to fund transportation investments, and some limited federal investment has also paid dividends.
- There are still infrastructure sectors where data is scarce or unreliable.
SOURCE: American Society of Civil Engineers