Industry Market Trends
Editor's Note: America's Infrastructure "D"eficiencies
February 19, 2014
Vice President Joe Biden recently slammed New York's LaGuardia Airport as being Third World, citing Hong Kong International Airport as where America's airports ought to be. As a frequent traveler through both, I have to agree. And so would the American Society of Civil Engineers (ASCE), which last year gave the U.S. aviation system a "D" grade in the "Report Card for America's Infrastructure" it hands out every four years. Monday was the fifth anniversary of the 2009 American Recovery and Reinvestment Act (ARRA), aka the $787 billion economic stimulus package that pulled the country out of the Great Recession. The White House, in a blog, gave itself the proverbial pat on the back, noting that the measure, among other things, improved 40,000 miles of road and 2,700 bridges. Four years ago. ARRA gave the Department of Transportation $48.1 billion extra to work with. At the end of 2013, DOT had awarded over $47.5 billion of those funds. Yet, bridges went from "C" to "C+," roads from "D-" to "D," and aviation nowhere between ASCE's 2009 and 2013 report cards. It seems we better start some serious cramming. William Ng, Editor-in-Chief, email@example.com.