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January 13, 2021

ASCE calls for more infrastructure spending

Infrastructure inadequacies will stifle U.S. economic growth over the next two decades if the country does not close a growing gap in investments needed for bridges, roads, airports, power grid, water supplies and more, according to a press release from the American Society of Civil Engineers.

The release is based on a new economic study from the ASCE called Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure Systems. ASCE said the “infrastructure inadequacies” will cost each American household $3,300 a year, cause the loss of $10 trillion in GDP and lead to a decline of more than $23 trillion in business productivity cumulatively over those two decades.

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