Infrastructure in the News: September 7, 2010
Streets Blog reproted that investing in transit could create 180,000 jobs for free and according to The Times Tribune Mass transit systems would receive $300 million. More in this Infrastructure in the News.
Streets Blog: First Impressions of Obama’s Big Infrastructure Announcement
President Obama gave the first outlines yesterday of a $50 billion plan for new infrastructure investment, which would provide funds for the expansion of high-speed rail and local transit systems, road construction and repair, and runway upgrades at airports. A centerpiece of the proposal is the creation of a national infrastructure bank, which would pool public and private funds to finance transportation projects.
Streets Blog: Report: Investing in Transit Could Create 180,000 Jobs, for Free
Between calls for renewed stimulus on the one hand and for deficit reduction on the other, Washington, D.C. is stuck. A new report by the Transportation Equity Network, however, shows one easy way to put people back to work without increasing federal spending: shifting our transportation investment to transit.
The New York Times: U.S. Plays Catch-Up on High-Speed Rail
Spanish trains whisk passengers from Madrid to Barcelona in little more than two and one-half hours. Japan has bullet trains. China is building a vast network of high-speed rail routes, including the recently opened line between Guangzhou and Wuhan, which covers 1,070 kilometers at the world’s fastest average speed.
The Times Tribune: Transit funding to get $300M
Mass transit systems would receive one-third of the $1 billion in new funding proposed by Gov. Ed Rendell to shore up an increasingly burdened transportation network.
The New York Post: $timulus fails to get the 'job' done in city
Major city infrastructure projects undertaken as part of the federal stimulus package have yet to generate even a fraction of the thousands of promised jobs, a Post analysis has found. Meanwhile, about $4.7 billion of the $7.3 billion in stimulus money has been earmarked for "budget relief" -- feeding the city's own payroll and allowing it to continue to fund entitlement programs, such as food stamps.
Finance & Commerce: New book digs into I-35W collapse, and why we should be nervous
Barry B. LePatner’s soon-to-be-published book belongs in the horror genre. The title, “Too Big to Fall: America’s Failing Infrastructure and the Way Forward,” isn’t exactly horror-inducing, but what it tells us is: Some 7,980 bridges are considered as perilous as the I-35W bridge was before it collapsed Aug. 1, 2007, killing 13 and injuring 145.
According to the American Society of Civil Engineers the investment gap for distribution infrastructure is estimated to be $57 billion by 2020 – much larger than the $ 37 billion investment gap for transmission infrastructure.