U.S. Infrastructure : funding trends and Federal agencies investment estimates
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U.S. Infrastructure : funding trends and Federal agencies investment estimates

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    • TRIS Online Accession Number:
      815143
    • NTL Classification:
      NTL-INTELLIGENT TRANSPORTATION SYSTEMS-INTELLIGENT TRANSPORTATION SYSTEMS ; NTL-ECONOMICS AND FINANCE-Funding ;
    • Abstract:
      This is the statement of Peter F. Guerrero, Director, Physical Infrastructure Issues before the Subcommittee on Transportation and Infrastructure, Committee on Environment and Public Works, U.S. Senate regarding public infrastructure. The testimony discusses the federal government's role in ensuring a sound public infrastructure and the estimates of future investment requirements developed by seven federal agencies: the Appalachian Regional Commission (ARC), Environmental Protection Agency (EPA), Federal Aviation Administration (FAA), Federal Highway Administration (FHWA), Federal Transit Administration (FTA), General Services Administration (GSA), and U.S. Army corps of Engineers. In summary, the federal government exerts an important influence on infrastructure investment and development. It acquires and maintains various federally-owned assets, provides funding for infrastructure that is owned and operated by others, and influences the way infrastructure projects are designed and built through legislation and regulations. The federal government has spent an average of about $59 billion annually since the 1980s on the nation's civilian infrastructure. The seven agencies reviewed each estimated billions of dollars for future investment in infrastructure. The estimates focused on investment in the areas of water resources, hydropower, water supply, wastewater treatment, airports, highways, mass transit, and public buildings. Some perspective is called for in reviewing the investment estimates developed by the seven agencies. While these estimates encompass major areas of public infrastructure, they cannot be easily compared or simply "added up" to produce a national estimate of infrastructure investment needs because, for example, they were developed using different methods and were for different time periods.
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