I. Aging Infrastructure – ASCE Rating: D+

II. Economic Growth

The ASCE estimates the US needs to spend some $4.5 trillion by 2025 to fix the country’s roads, bridges, dams, and other infrastructure.

Neglected U.S. transport tops decade’s infrastructure priorities.

Transportation investment tops the list of U.S. infrastructure priorities, and will likely reach $306 billion annually in the next 10 years, based on BI analysis. (Bloomberg Intelligence March 2018)

III. US Infrastructure Budget

The Administration’s Current Plan: Invest at Least $1 Trillion in Infrastructure The President has called upon the Congress to pass legislation that generates at least $1 trillion in infrastructure investment. Democrats have introduced a bill first quarter 2020, that calls for $760 Billion in a plan called “Moving Forward Framework.” 

$329 billion for investment in transportation systems, including improving safety measures for bicyclists and pedestrians, and $105 billion for transit agencies and maintenance needs. The framework also includes $55 billion in railway investments for both the expansion of the country’s passenger rail network and improvement of Amtrak stations and services, $19.7 billion for the upkeep of harbors and ports, $86 billion for the expansion of broadband access and additional funds to address greenhouse gas pollution and increase climate resiliency. There will also be $21.4 billion for the preservation of clean drinking water and communities dealing with toxic chemicals that can contaminate drinking water.

IV. Technology Boom

Spending on artificial intelligence (“AI)” hardware and software is predicted to expand two-and-a-half times from current expenditure of $37.5 billion to $97.9 billion, according to a new report by International Data Corporation (IDC). That is a compound annual growth rate (CAGR) of 28.4 percent during the five-year 2018-2023 period of the report’s forecast.