John Hennessy III,
P.E.
Infrastructure 2010: Investment Imperative, the latest annual infrastructure report by Urban Land Institute and Ernst & Young, focuses on water infra and urges decision-makers to view infrastructure as a long-term investment.
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Falling behind global competitors, the United States struggles to gain traction in planning and building the critical infrastructure investments that are necessary to ensure future economic growth and support a rapidly expanding population.
Recent federal stimulus spending addresses some pressing repair needs for transport- and water-related systems and provides seed funding for high-speed rail in important travel corridors, as well as new energy infrastructure. But recession-busted government budgets, entitlement and defense expenditures, and ballooning health care costs push infrastructure down most political priority lists—leaders continue to procrastinate when it comes to new investments as stressed taxpayers balk at more spending.
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