Road to Growth | Business Roundtable

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What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

The Case for Investing in America’s Infrastructure

Transportation infrastructure is the backbone of a modern, competitive and productive economy. Once the envy of the world, America’s highways, bridges, railways, airports, transit systems and waterways are deteriorating due to inevitable wear and tear.

Stretched beyond capacity by the demands of today’s global economy and a growing population, America’s transportation infrastructure provides an opportunity for policymakers to reinvest in a critical driver of our entire economy.
 

General

How does the U.S. stack up globally?

U.S. infrastructure ranked 16th in the world in terms of quality overall, behind Germany, France and Japan.
Roads & Bridges

1 in 4

bridges in the national highway system is structurally deficient or functionally obsolete.
Roads & Bridges

42%

of major urban highways are congested.
Investment

Investment will boost economic output by up to $320 billion.

Increasing U.S. infrastructure investment by the equivalent of 1% of GDP per year could boost economic output by up to $320 billion in 2020.
Investment

1.7 Million

jobs would be created over the first three years by an $83 billion infrastructure package.
Aviation

30th

@CVGairport is highest-ranked US airport out of world’s top 50. Only 4 US airports made list. #Road2Growth
Ports & Waterways

150,000

Hours of lock shutdowns along U.S. waterways as a result of maintenance and unexpected delays.
Roads & Bridges

The lost time adds up.

The average daily U.S. commute is 48 minutes. Over the course of a year, this adds up to a full day more commuting time than in Germany and nearly two days more commuting time than in Britain.
Transit Systems

$90 Billion

Estimated annual cost of subpar performance and declining reliability of U.S. public transit systems.
Investment

$3

For every $1 invested in infrastructure, as much as $3 in economic activity would be created.
Roads & Bridges

A mounting problem.

The U.S. Highway Trust Fund is no longer adequate to fully fund U.S. federal highway construction and maintenance.
Ports & Waterways

$33 Billion

Annual additional expense of U.S. products due to outdated, underperforming water transportation infrastructure.
Transit Systems

50%

of U.S. urban public buses are rated “marginal or poor.”
Investment

The cracks begin to show.

The gap between spending on system upkeep, basic repairs and temporary fixes (i.e., operations and maintenance) and spending on major system upgrades and improvements (i.e., capital expenditures) has steadily increased since the 1970s.
Aviation

$24 Billion

Annual cost of U.S. aviation congestion and delays.
Transit Systems

25th

US rank out of 32 OECD member nations for public satisfaction with national public transit systems. #Road2Growth
Aviation

20%

Share of US aviation arrivals & departures that are delayed, many due to air traffic control system. #Road2Growth
Roads & Bridges

$120 Billion

Cost of urban highway congestion in 2011. #Road2Growth
Passenger Rail

25%

Only 25% of US transit rail station infrastructure is rated ‘good’ or ‘excellent.’ #Road2Growth

Download the Full Report

This report outlines the economic cost of neglecting America’s transportation infrastructure and the positive effects of reinvesting in it for the 21st Century. This Business Roundtable analysis contrasts America’s current investment with 20th Century levels and guides policymakers forward in efforts to rebuild this vital economic foundation.