The Environmental and Energy Study Institute (EESI) and the American Public Transportation Association (APTA), in conjunction with the American Association of State Highway and Transportation Officials (AASHTO), invite you to a briefing on the investment requirements for America's multi-modal transportation infrastructure.
The recent AASHTO-APTA Bottom Line report estimates that $163 billion is needed annually over six years to fix the nation’s aging surface transportation system ($120 billion for roads and bridges, and $43 billion for transit). At present, public investment in transportation infrastructure is only $100 billion a year ($83 billion for roads and bridges, and $17 billion for transit). With the looming May expiration of the transportation bill, Moving Ahead for Progress in the 21st Century (MAP-21), and with 70 million new U.S. citizens expected by 2050, now is the time to address these investment needs.
- Bud Wright
Executive Director, American Association of State Highway and Transportation Officials (AASHTO)
- Michael Melaniphy
President and CEO, American Public Transportation Association (APTA)
There is little disagreement over the importance of the nation's transportation infrastructure. And yet, theBottom Line report highlights a massive gap between what investments are needed and what is actually being spent. According to the U.S. Department of Transportation, two-thirds of the nation's roads are not in good condition—and deficient roadways are a significant factor in one-third of all highway fatalities. One quarter of U.S. bridges need major repairs or upgrades.
Lack of capacity is also a big problem. Almost half of all Americans lack access to public transit services. Congested roads cause Americans to lose 5.5 billion hours in traffic every year, representing more than $120 billion in wasted fuel and lost time. Congestion, most severe in urban areas, also increases the cost of delivering goods by $27 billion year and causes shipping delays. As the nation's population grows, this cost will grow quickly if the country continues to underfund investment in transportation infrastructure.
Finding long-term, consistent revenue streams to invest in the country's transportation infrastructure is key to America's competitiveness, economic growth, and job creation.
The Bottom Line report is available at www.apta.com/mediacenter/pressreleases/2014/Pages/1412.aspxand bottomline.transportation.org.