America’s maritime infrastructure
Crying out for dollars
In the past four years America’s transportation department
has spent around $357m on infrastructure improvements
at 25 ports around the country, which is $40m less than
the Port of New Orleans spent on its port alone.
The American Society of Civil Engineers (ASCE) estimates
that underinvestment in America’s inland waterways cost
American businesses $33 billion in 2010,
and that without significantly increased investment
those costs could rise to $49 billion
(in constant dollars) by 2020.