Thursday, May 19, 2011

Investment in U.S Infrastructure Shrinking

Lulled by a policy of “out of sight, out of mind,” the United States has long neglected to maintain its bridges, sewers, and transportation facilities. In fact, according to a report released this week, infrastructure investments this year are falling further behind under pressures to cut government spending.

Meanwhile, “in most of the developing world and in many of the emerging markets, countries have committed to fulfilling infrastructure objectives as essential for sustaining or enhancing living standards in an increasingly competitive global marketplace,” says the report of the Urban Land Institute.

So far, neither the 2007 Minneapolis bridge collapse nor Hurricane Katrina served as a wake-up call, the report, “Infrastructure 2011: a Strategic Priority,” points out.

America’s 15.000,000 unemployed need jobs. The nation needs to repair its infrastructure. “Why is it so hard for lawmakers to connect the two?” the Institute asks.

No comments: