It’ll Cost How Much?
The report’s 2020 projections show that our surface transportation infrastructure deficiencies are expected to cost the national economy almost $900 billion in GDP, rising to $2.7 trillion through 2040.
“Moreover,” says the report,“as productivity deteriorates along with infrastructure degradation, more resources will be wasted in each sector. In other words, it may take two jobs to complete the tasks that one job could handle without delays due to worsening surface transportation.”
SAY WHAT?
“The cost of the reform to taxpayers would be less than $1 per week, per vehicle.”
– John Horsley, who has just retired as executive director of the American Association of State Highway and Transportation Officials, proposing that Congress convert the “cents per gallon” federal excise tax on fuels to a sales tax on fuels.
MORE FROM In the Magazine
MORE STORIES
POPULAR
COLUMNS
BLOGS
- Obama signs memorandum to expedite infrastructure projects666 Views
- Florida’s Red Light Camera Game: G R E E N orange R E D392 Views
- Sydney uses water curtains to alert drivers to stop (VIDEO)389 Views
- Seattle tests bikes as disaster relief (VIDEO)330 Views
- FHWA deploys bridge-inspecting robots295 Views







