Infrastructure Opportunities for Construction Companies
Much of the U.S. interstate highway system was built in the 1950s and 1960s and designed to last for about 50 years—which means that a lot of our roads are due for repair or replacement. However, when compared to other first world countries, the U.S. has spent comparatively little of its Gross Domestic Product (GDP) on roads. In recent years, federal, state, and local governments have all cut their spending on infrastructure and now have to make up for lost ground. According to the American Society for Civil Engineers (ASCE), an estimated $1.7 trillion will need to be spent to improve the country’s surface transportation.