Infrastructure Of Infrastructure And Infrastructure

934 Words Sep 23rd, 2014 4 Pages
Infrastructure
We are constantly surrounded by infrastructure assets. Infrastructure consists of all the assets that countries require to enable its daily operations and orderly functions. Transportation, energy, communications and water, are some of the infrastructure assets that serve as the backbone to our society. While traveling this summer with my family, I realized just how far behind the U.S. is compared to other parts of the world when it is considered one of the most advanced countries in the world. I thought to myself… Why hasn’t the U.S. invested in such projects? China spends 7% of its GDP on infrastructure and India spends 5%. The U.S. spends just over 3%. As a result, U.S. infrastructure now ranks 14th globally according to the World Economic Forum’s infrastructure index.

In the current economic environment where interest rates are low and unemployment remains elevated, a logical solution to stimulate growth would be to build, modernize, or replace our infrastructure. Every 4 years, the American Society of Civil Engineers (ASCE) releases a Report Card for America’s Infrastructure that represents the condition and performance of the nation’s infrastructure. In 2013, the United States’ infrastructure grade was a D+. Although we recognize the report is a little self-serving, the statistics behind their research is compelling. According to the report: the average age of the 84,000 dams in the country is 52 years old, one in nine of the nation’s bridges are rated…
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