Dec 10 2009
"We applaud the President’s commitment to using infrastructure investment as a way to create and support jobs and stimulate the economy in the short-term, both in the stimulus funding and the pending jobs bill.
According to the U.S. Department of Transportation, every dollar invested in the nation’s highway system yields $5.40 in economic benefits from reduced delays, improved safety and lower vehicle operating costs and every billion dollars in federal highway construction spending generates more than 30,000 jobs annually.
However, that short-term commitment is only one piece of the puzzle. If a long-term plan isn’t put into place—one that includes sufficient funding levels and a dedicated revenue source—it could amount to nothing more than a band-aid.”
Statement attributable to Blaine D. Leonard, P.E., D.GE, F.ASCE, President, American Society of Civil Engineers (ASCE).
Source: http://www.asce.org/