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No federal infrastructure bill? States come to the rescue.

No federal infrastructure bill? States come to the rescue.

FoxBusiness.com
By Joe Williams
Published May 23, 2019

Legislative standstill over infrastructure
U.S. Concrete CEO Bill Sandbrook on the stalled debate over an infrastructure plan.

From California to New York, a chorus of voices have long warned of the deteriorating state of U.S. infrastructure Opens a New Window. , but as tensions in Washington D.C. boil over hopes for a federal Opens a New Window.  funding package appear dashed.

Now, amid inaction in Congress Opens a New Window. , states are pursuing a number of new initiatives to raise money to improve metropolitan transportation systems Opens a New Window. , roads and highways, water treatment plants and other investments.

“Overtime with the continued population growth expected in major metros putting a strain on existing infrastructure assets, we expect more U.S. cities to turn to alternative funding sources,” the CEO of engineering firm AECOM, Michael Burke, told investors earlier this month. “Anything that comes out of Washington will be a positive on top of that, [but] we're not counting it into our plans and it is not built into our growth plans.” FULL ARTICLE

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