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New study showing broad economic harm due to inadequate infrastructure investments coming Jan. 12

January 7th, 2021 / By: / Industry News

Report will detail higher costs to consumers, job losses and vulnerable industries

The nation’s infrastructure is the backbone of the U.S. economy, and it is critical for economic growth, essential industries to function, and consumers’ wallets and wellbeing. Americans every day feel the effects of the underinvestment in infrastructure when a water main breaks, when they hit a pothole and when the power goes out.

On Jan. 12, 2021, the American Society of Civil Engineers (ASCE) will release a new economic study, “Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure System,” that will catalog the economic damage the U.S. faces if the country does not accelerate the nation’s investments in infrastructure. The study quantifies the costs to American families and our economy as a whole if the funding gap is not reversed, including higher costs to consumers, job losses, and reduced manufacturing and exports. The report details the U.S.’s underinvestment in surface transportation (highways, bridges, rail and transit); water and wastewater; electricity; airports; seaports; and inland waterways.

ASCE will be joined by other infrastructure stakeholders to detail what will happen if we continue with the status quo.

Media will have the opportunity to ask questions of the speakers.

WHAT: Release of Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure System

WHEN: Tuesday, Jan. 12, 2021, 10:00 a.m. EST

WHERE: Register here: https://zoom.us/webinar/register/WN_4s6RZMyNTzyWune-GhsALA

WHO:  Tom Smith, Executive Director of the American Society of Civil Engineers

            U.S. Rep. Earl Blumenauer (D-Ore.), House Transportation Committee

            Leon Topalian, President and CEO, Nucor Corp.

 *Additional speakers may be announced

Media interested in attending and covering the report must register at the link above or contact Alexa Lopez at alopez@asce.org or 202-789-7853.