How much will it cost to upgrade U.S. infrastructure?

Material Handling Industry of America

The United States will need to invest $2 trillion in the coming years to upgrade roads, bridges and other related infrastructure necessities in a country that is falling behind the rest of the world with its aging transportation system, according to a report titled Infrastructure 2011: A Strategic Priority from the Urban Land Institute and Ernst & Young.

Outside of the United States, “in most of the developed world and in many emerging markets, countries have committed to fulfilling infrastructure agendas as essential for sustaining or enhancing living standards in an increasingly competitive global marketplace,” says the report, which looks at infrastructure investments on six continents.

The report provides a snapshot of the infrastructure challenges, particularly those related to transportation, faced by 20 major U.S. metropolitan regions. While all are experiencing fiscal constraints, the report cites Denver, Minneapolis-St. Paul, Seattle and Salt Lake City as being particularly successful in moving projects forward, due largely to the willingness of local governments to pool resources and their ability to gain consensus on planning and spending strategies.

Read the complete report, " Infrastructure 2011: A Strategic Priority."

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How much will it cost to upgrade U.S. infrastructure?

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