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Diane Publishing Books
Economic Analysis of Transportation Infrastructure Investment
Jeffrey Zients (ed); Jason Furman (ed)
A high quality transportation network is vital to a high performing economy. Investments by previous generations of Americans -- from the Erie Canal in 1807, to the Transcontinental Railroad in 1869, to the Interstate Highway System in the 1950s and 1960s -- put the country on a path for sustained economic growth, productivity increases, an unrivaled national market for goods and services, and international competitiveness. But today, Americańˇ╗s transportation infrastructure is not keeping pace with demands or the needs of our economy. This report shows that the economic benefits of smart infrastructure investment are long-term competitiveness, productivity, innovation, lower prices, and higher incomes, while infrastructure investment also creates many thousands of American jobs in the near-term. It makes that case that Congress should avoid a lapse in funding of the Highway Trust fund which will go insolvent as early as August 2014, putting numerous active projects at risk. Tables and figures. This is a print on demand report.
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