More money needed for infrastructure fixes: ASCE

Federal infrastructure money is keeping the country’s infrastructure woes from getting worse, but that progress will be lost when that funding ends, the American Society of Civil Engineers said in a report released this morning entitled “Bridging the Gap.” ASCE releases the economic study every four years leading up to the release of its national Report Card for America’s Infrastructure.

Recent federal investments, including $550 billion in new funding in the Infrastructure Investment and Jobs Act, have prevented the infrastructure investment gap from growing, the report found, but that money is set to expire by 2026. Plus, changes in the infrastructure landscape — including supply chain problems, stricter emission standards in the energy sector and extreme weather — have raised baseline spending needs and are keeping the investment gap from being noticeably reduced.

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