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Financing U.S. Transportation  Infrastructure in the 21st Century

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Financing U.S. Transportation Infrastructure in the 21st Century

The Hamilton Project,

5 min read
5 take-aways
Audio & text

What's inside?

America’s decaying transportation infrastructure is holding back its economy, but solutions – both short- and long-term – exist.


Editorial Rating

9

Qualities

  • Innovative

Recommendation

The United States’ decaying transportation system suffers from political deadlocks, decreased investment, and inefficient local, state and federal funding. These impediments are blocking opportunities to create jobs and improve the US economy’s competitiveness. This accessible, detailed report from Roger C. Altman, Aaron Klein and Alan B. Krueger offers practical solutions to America’s transport issues. The authors know of what they speak, as they apply their combined years of distinguished government service to the problem. getAbstract recommends their work to anyone who travels America’s roads, bridges, ports, railways, subways and buses.

Summary

The United States’ transportation system is disintegrating: A 2013 engineers’ report labeled 25% of America’s bridges “functionally obsolete or structurally deficient.” Another study found that more than 27% of cities’ major streets are “substandard,” costing individual drivers an average of $377 more annually in vehicle maintenance and fuel. Transport woes have cost America dearly in worldwide rankings of infrastructure quality and global competitiveness. Four short-term remedies would enhance and expand existing resources:

  1. “Reform the ...

About the Authors

Roger C. Altman is founder and executive chairman of Evercore Partners, an independent investment banking firm. Aaron Klein is director of the Financial Regulatory Reform Institute at the Bipartisan Policy Center. Alan B. Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University.


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