John Hennessy III,
P.E.
Many roads, bridges, sewers, pipelines, and other infrastructure need repair. New facilities should also be built where economic and social conditions warrant. Yet even where money is not an obstacle, the reviews that are required by the National Environmental Policy Act (NEPA) can be a significant source of delay.
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MANHATTAN INSTITUTE Introduction American infrastructure is in dire need of repair and replacement. Yet decades of experience have shown us that simply showering federal money on infrastructure is not the right solution. Indeed, this approach has been shown to encourage wasteful spending on projects that are politically expedient but economically dubious. Large injections of federal […]
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Even as the MTA’s revenues have increased over the decades, its costs to operate subways, buses, and commuter rails have outpaced these gains. Over little more than a decade, the MTA’s costs, excluding debt service, have outpaced inflation by 50%. This fundamental imbalance prevents the state from providing New Yorkers with the transit service that a growing city demands. Below are answers to some questions about the transportation authority’s finances.
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Today, cash-strapped U.S. cities and states are selling or leasing government assets, particularly transportation infrastructure. The sale or lease of such assets can be beneficial to the public; but the long-term nature of these deals makes them potentially far more risky than contracts to run bus service or repair city-owned vehicles.
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MANHATTAN INSTITUTE
Electric grids have always been vulnerable to natural hazards and malicious physical attacks. Now the U.S. faces a new risk—cyberattacks—that could threaten public safety and greatly disrupt daily life.
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