The highway and bridge backlog required to restore the system to the level of condition and performance required to meet today’s demand is $740 billion.
Facts & Quotes
The quality of U.S. road infrastructure ranks 13th in the world behind such countries as Portugal and Austria.
The quality of U.S. air infrastructure ranks 9th in the world behind such countries as Finland and Panama.
The quality of U.S. rail infrastructure ranks 13th in the world behind such countries as Korea and Singapore.
The quality of U.S. port infrastructure is ranked 10th in the world behind such countries as Iceland and Denmark.
The Congressional Budget Office has estimated that direct well-targeted government spending of $185 billion a year on infrastructure would generate economic and social benefits that would exceed the cost.
GDP per capita would increase 0.3 percent for every single point of improvement in the Transportation Index. Allowing the overall transportation performance to lag behind the average index of the top 5 performing states leaves about $1 trillion of potential GDP on the table.
For every $1 billion increase in federal investment in transportation infrastructure an estimated 27,800 jobs are created.
In 2009 the federal government spent $87 billion on transportation and water infrastructure, an increase of $6 billion over the amount spent in 2007.
Between 2003 and 2007 inflation-adjusted public spending on transportation and water infrastructure declined by $24 billion or 6 percent.
State and local governments account for about 75 percent of total public spending on transportation and water infrastructure and the federal government accounts for the other 25 percent.
In 2009 Indonesia spent 3 percent of its GDP on infrastructure.