Bus

Leaders call for renewed fed infrastructure investment

Posted on December 15, 2010

Smart infrastructure investment as a way to maintain the nation's economic competitiveness, help create jobs, increase safety and enhance quality of life, was the focus of a policy forum held Wednesday in Charleston, S.C.

The forum, Building America's Future's Educational Fund, was in partnership with Charleston Mayor Joe Riley's office, the U.S. Chamber of Commerce, the Charleston Metro Chamber of Commerce and the Associated General Contractors of America.

"It's been proven time after time: Investments in our national infrastructure create jobs and opportunities," said U.S. Secretary of Transportation Ray LaHood. "Americans can and must build great things - not just in spite of enormous economic challenges but also as the means of overcoming them.

With America's transportation infrastructure systems — roads, bridges, rail and transit —aging and becoming increasingly unsafe, the American Society of Civil Engineers estimated that a $2.2 trillion investment is needed over the next five years just to get America's entire current infrastructure into "good condition" — an increase of 38 percent from five years ago.

The policy forum's panel discussions focused on local transportation challenges, as well as the best methods and financing options to repair and modernize the region's infrastructure.

"If done right, investments in transportation infrastructure can spur economic growth," said Janet Kavinoky, Director of Transportation Infrastructure at the U.S. Chamber of Commerce. "A one-point increase in transportation effectiveness, as measured by the U.S. Chamber's Transportation Performance Index, will increase our nation's GDP by 0.3 percent — or $42 billion.  But if we pursue business as usual, we will suffer nearly $336 billion in lost economic growth by 2015. America isn't keeping up with our competitors, and our failure to do so is putting our economy at a competitive disadvantage."

View comments or post a comment on this story. (0 Comments)

More News

BusCon '16 features more than 80 buses, debuts maintenance forum

This year's event definitely had something for everyone, including the most buses on one North American show floor, a closer look at issues set to impact transit maintenance professionals, an up-to-date look at electric buses and a the BusCon Connect hosted buyers program. 

Seattle taps CH2M to deliver BRT expansion program

This BRT program, which is part of the voter-approved Levy to Move Seattle, will provide high-quality transit throughout some of the densest areas of Seattle.

Hometown Trolley acquires Supreme Corp.'s American Trolley product line

The purchase furthers Hometown Trolley's overall strategic business model to become the leading trackless trolley bus manufacturer in the North American transit industry.

Volvo Buses unveils pedestrian and cyclist detection system

The system will be introduced on Volvo’s European city bus fleet in 2017.

Stertil-Koni introduces high-performance, low-capacity hydraulic vehicle lift

The company’s ST 1064 hydraulic mobile column lift has a capacity of 14,000 lbs. per column, or 56,000 lbs. for a set of four.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close