John Hennessy III,
P.E.
According to Anderson, “It’s going to have to pass the smell test. Are these fair deals? Are these deals that really serve the public interest, or are these deals that in fact enrich corporations and corporate interests?” He says that with a sensible approach that uses not just Trump’s corporate incentives, but also tools like an infrastructure bank, we can expect tremendous returns for the private sector as well as the public at large.
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Financial Needs for Water and Wastewater Infrastructure in Indiana (2015–2034) is an assessment of water and wastewater infrastructure needs in Indiana. This study is sponsored by the Indiana Advisory Commission on Intergovernmental Relations (IACIR) and the Indiana Office of Community and Rural Affairs (OCRA). The Indiana Association of Regional Councils provided research assistance. The Indiana Finance Authority State Revolving Loan Programs (SRF), U.S. Department of Agriculture Rural Development – Indiana (USDA RD), ACEC Indiana Funding Sources Committee, and the Indiana Rural Wastewater Task Force provided additional assistance and important feedback during the effort.
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“I think as engineers sometimes things just seem very logical—this would seem very logical to take care of this infrastructure that there was such a large investment in to begin with—but there are a lot of emotional and political reasons why that doesn’t happen, and they tend to get discounted. I think the people who are interested in improving infrastructure need to understand that, and try to respond to that rather than dismiss it as illogical or something along those lines.”
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The subject of infrastructure is once again, finally, being seriously discussed. The Trump administration has repeated a commitment to address our failing infrastructure, and to develop fiscal strategies for funding comprehensive national infrastructure investment. This is a start.
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32 communities holding transit ballot measures, $200 billion proposed across all ballot measures
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Early in the morning on Wednesday, November 9th, President-Elect Donald Trump emerged victorious after a highly controversial campaign. The win came as a surprise to many, forcing stakeholders across the infrastructure industries to re-think the future in terms of policy, funding, and political will. Below are a few highlights that offer an idea of the broad spectrum of reactions within the infrastructure world.
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In spring 2016, the Texas A&M Transportation Institute initiated the second Texas Transportation Poll, a survey of more than 4,000 Texans that assesses public opinion surrounding the following transportation issues: Travel behavior, Travel solutions, Transportation funding, Customer satisfaction with governmental agencies…The biennial survey allows researchers to track changes in public perceptions over time and to give lawmakers a longitudinal view of public sentiment regarding transportation and mobility in Texas. This executive summary presents a top-level synopsis of the survey findings compared to 2014.
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“I think it’s the first time in recent history that we’ve seen two presidential candidates talk about the infrastructure needs and willingness to address the infrastructure funding deficit…So we really feel like the public is starting to get more engaged, starting to understand that we do have infrastructure needs around the country and are willing to come to the table to have serious discussions to figure out how to solve these problems.”
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The wind industry has come a long way, but still more has to be done. World wind power generation capacity reached 435 gigawatts at the end of 2015, which is only 7% of total global power generation capacity. To push this figure higher, governments should implement a range of measures and support schemes like feed in tariffs, renewable portfolio standards in combination with auctions, and production tax credits. As shares of wind continue to increase, countries must also take steps to create power systems that can integrate large amounts of variable wind energy, exploring smart grids, storage technologies and other grid management mechanisms.
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With interest rates close to zero, or in some cases negative in real terms, and the bazooka of QE already widely deployed, policymakers are running out of monetary levers to pull. This leaves us with the potential of fiscal stimulus, one aspect of which is infrastructure spending which can boost growth using both short-term demand effects, and longer-term supply effects, with the so-called multiplier effect implying that, if done correctly, the resulting GDP boost is larger than the initial investment.
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