More than 50,000 American bridges are falling apart

February 3, 2018 in News by Ken

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Source: investmentwatchblog.com
by stockboardasset

On Tuesday, President Trump announced his proposal for a $1.5 trillion infrastructure programme in his state of the Union address to the American people. He failed to mention that over the next decade, the federal government would provide very little money whatsoever for America’s crumbling bridges, rails, roads, and waterways.

In fact, Trump’s plan counts on state and local governments working in tandem with private investors to fork up the cash for projects.

In overhauling the nation’s crumbling infrastructure, the federal government is only willing to pledge $200 billion in federal money over the next decade, leaving the remainder of $1.3 trillion for cities, states, and private companies.

Precisely how Trump’s infrastructure programme would work remains somewhat of a mystery after his Tuesday’s night speech, as state transportation officials warned that significant hikes to taxes, fees, and tolls would be required by local governments to fund such projects.

To get an understanding of the severity of America’s crumbling infrastructure. The American Road & Transportation Builders Association (ARTBA) has recently published a shocking report specifying more than 50,000 bridges across the country are rated “structurally deficient.”

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