The Tennessee Advisory Commission on Intergovernmental Relations (TACIR) released a report that saying Tennessee needs $62.9 billion worth of infrastructure improvements from the five-year period of June 2021 to June 2026.
This is a $1.2 billion increase from last year.
Infrastructure needs for Transportation and Utilities increased for the seventh year in a row with a $750 million increase. It continues to be the largest category, with $35.2 billion in total needs. Increases in the cost of existing road projects at $1.1 billion and the cost of new road projects at $405 million was offset by $752 million in completed road projects.
Nashville International Airport’s reported needs for Concourse A is the largest increase in transportation needs for an individual project at $155 million.
Health, Safety, and Welfare infrastructure saw a $669 million increase, whereas Water and Wastewater saw a $305 million increase.
General Government increased to $83 million, with Recreation and Culture having a $15 million increase.
Two categories saw a decrease: Education with a $259 million decrease and Economic Development with a $37 million decrease.
Information about funding for public infrastructure needs reported by officials indicates that 67.8% of the funds required to meet those needs was not available at the time the inventory was conducted. This is a very slight increase from last years 67.5%.
Excluding improvements needed at existing schools and those drawn from capital budget requests submitted by state agencies—neither of which includes funding information—only $15.4 billion in funding is available for the remaining $47.6 billion in needs.
The total cost for the six categories are:
- Transportation and Utilities: $35.2 billion
- Education: $14.8 billion
- Health, Safety, and Welfare: $8.9 billion
- Recreation and Culture: $2.3 billion
- General Government: $1.3 billion
- Economic Development: $246 million
For each county, the report includes one-page summaries, which list the estimated cost for all types of needed infrastructure in each county by stage of development.
To read the full report, click here.
--------------------------------------------------------
Source: TACIR
