new york shock exchange
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UNSAFE BRIDGES STILL IN NEED OF STIMULUS FUNDS PDF Print E-mail

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Snake River Bridge, Grasston MN

The Associated Press reports that in spite of the Shock Exchange's March 2008 update for the next president to invest in the country's decaying infrastructure, tens of thousands of unsafe/decaying bridges carrying 100 million drivers per day are being passed over for stiumulus funds.  This past winter Congress passed a $787 billion "stimulus package" to help repair the country's infrastructure, including "crumbling bridges."  Lawmakers saw the chance to reduce the $65 billion backlog in needed bridge repairs that are often neglected until a catastrophe like the bridge collapse in Minnesota over a year ago.  Here is link from the our March 2008 investment meeting which detailed the need for infrastructure investing:  http://www.newyorkshockexchange.com/content/view/52/59/ 

According to the AP, in total, 1,286 deficient or obsolete bridges are expected to receive about $2.2 billion in stimulus funds for repairs.  That compares to the more than 150,000 U.S. bridges which engineers have labeled obsolete or deficient.  Apparently, bridge repairs have been passed over for projects labeled "shovel ready," such as the repaving of roads, by the Obama administration.  The logic being that such shovel ready projects take less planning and can provide an immediate jolt to the economy.  The AP went on to say that such projects account for 70% of the $17 billion stimulus funds allocated to transportation while bridges account for approximately 12%.  Like the saying goes, "the Shock Exchange can lead a horse to water but we can't make him drink."  Following is a link to the AP artical  http://apnews.myway.com//article/20090731/D99PA74G0.html.

 

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