Decaying Highway Network Increases Transportation Costs
If we can’t rely on the government agencies that collect our road use taxes to perform the most basic task of maintaining or replacing Interstate Highway bridges before they collapse or otherwise fail, should we really trust the same bureaucracy to take on additional, more expansive tasks like seizing control of the healthcare industry?
As if to underscore the recent American Society of Civil Engineers (ASCE) estimate of the nation’s decaying infrastructure, yet another major bridge made the news when one span of a bridge in Green Bay, WI buckled last month.
Unfortunately, the economic costs of failing to maintain our infrastructure as promised extend far beyond the direct cost of replacing poorly maintained bridges. A recent Wall Street Journal article investigates the added transportation costs imposed by bridge-related detours and highway interchange bottlenecks.
The article notes that, “Inadequate surface transportation is projected to cost US businesses $430 billion more in operating expenses by 2020 and cause $1.7 trillion in lost sales opportunities, according to the ASCE.”