It is not surprising that President Barack Obama and many members of Congress have chosen infrastructure investments
as a cure for the economy’s ills. Rebuilding our outdated bridges, airports, electrical grid
and water systems will most likely create millions of jobs.
A quick infusion of infrastructure funding, however, is only the first step toward a lasting recovery.
A short-term fix is not nearly enough. Infrastructure investment can and should be much more —
the backbone of a reinvigorated, competitive 21st-century U.S. economy.
If lawmakers and the Obama administration really want to build a road to recovery, they must
invest in a smart, results-oriented way.
The key is to design an infrastructure investment program that reaps the highest long-term benefits
and job-creation potential, while adhering to strict performance metrics. Using these lenses to evaluate
the thousands of possible investments can help decision makers support the most efficient, effective projects
in both the near and long term.
For example, they should consider how many workers each upgrade project would employ. But we must
also evaluate how projects would improve our long-term competitiveness. Many infrastructure projects will most
likely have a 100-year operational lifetime — so we should think in that time frame
when choosing what to fund. Sharpening evaluation methods with rigorous performance metrics can also
help ensure we fund the most economically beneficial projects.
This new level of accountability should be paired with cuts to government red tape —
which can often stop critical projects from moving forward.
For example, President Barack Obama Tuesday announced 14 projects selected for expedited permitting processes.
One, the Tappan Zee Bridge in New York, presents both the opportunities and the challenges of our infrastructure program.
Right now, the bridge carries more traffic than it was designed to hold. Congestion and delays are common.
Safety issues must also be addressed. The planned upgrade will improve regional mobility, making it easier,
cheaper and safer to move goods and people. These changes also increase productivity and economic performance.
Yet this project is also emblematic of the challenges ahead: The price tag is more than $10 billion.
And our nation’s surface transportation program is already underfunded and overextended.
Tappan Zee and similar projects should be regularly evaluated. Not only to make sure they meet project milestones
but also to see the funds from federal and state highway programs are used efficiently.
Smart projects make the most of investment dollars and are innovative in solving traditional infrastructure problems.
Consider the Louisville Water Co.’s Riverbank Filtration System – which was recognized by the American
Society of Civil Engineers as an outstanding engineering achievement earlier this year.
Confronting the increasing need for safe drinking water, the project offered a new approach.
Rather than traditional methods of drawing surface water directly from the Ohio River and treating it, the Louisville project uses a state-of-the-art — and lower
cost — tunneling system to naturally filter water and pump it through its delivery system to customers.
This type of innovation, repeated throughout our nation’s infrastructure programs, will most
likely make every dollar we spend yield greater results.
In addition, it is essential to create a system that can renew and upgrade our infrastructure over time.
We can no longer rely on major failures to force legislative interventions.
Obama’s proposed infrastructure bank is a good start. But the key will be whether this can ensure that
financing is both sustainable and reliable.
At a minimum, Congress must take some action this year — the status quo is unacceptable.
At current funding levels, our crumbling surface transportation system will cause our economy
to lose more than 870,000 jobs, according to a recent ASCE study.
It would suppress gross domestic product growth by almost $900 billion by the year 2020.
In the process, businesses will have to pay an additional $430 billion in transportation costs,
and exports would plummet $28 billion by 2020. Americans will very likely see lower incomes and more
expensive goods and services — raising costs for each U.S. household by roughly $1,060 per year.
This is an outcome that no elected official should accept. Nor should we be willing to fund more
“bridges to nowhere.” The key is for all those with a stake in our national infrastructure —
which means everyone — to focus squarely on achieving real progress in this Congress.
With the proper strategy, infrastructure investments are an opportunity to make our economy better
in the short term by creating new jobs. But it can also drive long-term growth by modernizing the
systems that businesses depend on to compete in the global marketplace.
转自www.politico.com