At a time when there is scant funding for roads, bridges, water treatment plants, broadband expansion and airport expansions, there seems to be ample funding for urban renewal in most of the country’s major cities. The reason is understandable…infrastructure projects are large and have usually been funded by the state or federal government. Unfortunately, that’s no longer the case – funding at the state and federal levels of government is no longer adequate or readily available.
Describing the nation’s deteriorating infrastructure as a “massive, self-inflicted wound on our country,” President Donald Trump last week signed an executive order designed to help speed the completion of major infrastructure projects nationwide.
Delays in the rollout of the Trump administration’s much-heralded $1 trillion infrastructure plan are proving costly for deteriorating U.S. roads, bridges, airports and transit systems. And the longer the delay, the more it will cost taxpayers. Tired of delays on a long-awaited new plan, some members of Congress are busy putting together a “Plan B.”
Here’s something that will shock most taxpayers. Projections are that cities will spend an estimated $150 billion in stormwater infrastructure projects over the next 20 years. That will create a very large marketplace but the action has already started.