Civil Engineers Say Port, Airport Spending Shortages Threaten Jobs
Aging infrastructure for marine ports, inland waterways, and airports threatens more than 1 million U.S. jobs, said a report by the American Society of Civil Engineers. About $30 billion must be invested in ports and waterways by 2020, it said,…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
but planned expenditures are about $14 billion. Another $114 billion is needed for airports by 2020, it said, but anticipated spending is $95 billion. The report said without the investment, transporting goods will become costlier, prices will rise, and the U.S. will become less competitive in the global market. "Congestion and delays lead to goods waiting on docks and in warehouses for shipment, which in turn leads to higher transportation costs and higher-priced products on store shelves," said ASCE President Andrew Herrmann. "The fact is we must invest in U.S. airports today to ensure the global competitiveness of our country tomorrow," said Greg Principato, president of Airports Council International-North America (ACI-NA).