Nation's Public Transportation Infrastructure Receives "D" Grade
THE NATIONS PUBLIC TRANSPORTATION INFRASTRUCTURE RECEIVES D GRADE WHICH SHOWS URGENT NEED FOR INVESTMENT
The American Society of Civil Engineers Releases Grades for Americas Infrastructure
In their 2013 Report Card for Americas Infrastructure released today, the American Society of Civil Engineers (ASCE) gave the U.S. public transportation infrastructure a D grade for the nations lack of investment. The American Public Transportation Association (APTA) notes that this grade should provide a sense of urgency for our nation to focus on increased investment in public transportation. The rating is virtually unchanged from four years ago, which was the last time ASCE examined the state of Americas infrastructure. The report titled Failure to Act, the Impact of Current Infrastructure Investment on Americas Economic Future also provided success stories of the positive impact of investment in public transit.
I want to commend ASCE for highlighting the need for urgent investment in our nations public transportation infrastructure in their report, said APTA President and CEO Michael Melaniphy. The report shows that there are devastating consequences to our economy and to our mobility when we do not make investing in Americas infrastructure a priority.
The Failure to Act report emphasizes that the American economy lost $90 billion in 2010 due to the lack of investment in public transportation. The report also shows that even though public transit ridership increased by 9.1 percent over the past decade, there are still 45 percent of Americans who lack access to public transit in their communities.
ASCE also highlighted examples of how public transportation can perform for America when key investments are made. The report noted Denvers Eagle public-private partnership (P3) project. This was a first-of-its-kind agreement to design/build/finance/operate/maintain a $2.1 billion expansion of Denvers public transit network. As the report notes, the Eagle P3 project will enable the Denver region to attract more residents and jobs. The report also discusses Los Angeles America Fast Forward project where investment in over $20 billion in new federal lending power will create 160,000 highway and public transit construction-related jobs and save an estimated 10.3 million gallons of gasoline annually. ..................(more)
The complete piece is at:
http://www.apta.com/mediacenter/pressreleases/2013/Pages/130319_Infrastructure.aspx