Infrastructure in the United States faces a $5 trillion gap between current spending and what is needed to reach a state of good repair, the American Society of Civil Engineers warned this week.
The group said in a report released this week that the future of the transit sector is “bleak,” with a current backlog of $176 billion in investments, considering vehicles, tracks, and equipment that are past their useful service lives.
ASCE said the backlog could reach $535 billion for transit and intercity passenger rail by 2039 as existing assets age.
The report does not address freight rail needs, but previous reports it issued said the freight rail system has generally fared better than other forms of transportation because of the private investment in right-of-way and other capital projects.
Tags: American Society of Civil Engineers, infrastructure, Public transit
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