Improving Our Water Infrastructure
It is often claimed that protecting the environment costs jobs, but there is strong evidence that building water infrastructure boosts economic activity. Studies indicate that $1 million invested in water projects generates between 15 and 18 jobs.
Powering the Infrastructure of Tomorrow
While the roads require repairs, aging bridges pose a more significant threat. Almost 40% of bridges in America are over 50 years old, and more than 9% were structurally deficient.
Reconsidering Water Management
Water resources are actually under much greater stress in parts of the world where environmentalists have less influence. In the Middle East and North Africa, and to a lesser extent in China and India, limited freshwater supplies are rapidly diminishing. The implied water price increases would dramatically boost the value of efficient water management.
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Benefits and Risks of Public-Private Partnerships
When PPP contractors underestimate the long-term funding required for a project, they risk losing money later. Long-run expenses like maintenance are often underestimated when traditional government projects are approved. As a result, our public infrastructure deteriorates prematurely.