In 2009, 26%, or one in four, of the nation’s bridges were either structurally deficient or functionally obsolete. While some progress has been made in recent years to reduce the number of deficient and obsolete bridges in rural areas, the number in urban areas is rising. A $17 billion annual investment is needed to substantially improve current bridge conditions. Currently, only $10.5 billion is spent annually on the construction and maintenance of bridges.
In 2013, one in nine of the nation’s bridges are rated as structurally deficient, while the average age of the nation’s 607,380 bridges is currently 42 years. The Federal Highway Administration (FHWA) estimates that to eliminate the nation’s bridge deficient backlog by 2028, we would need to invest $20.5 billion annually, while only $12.8 billion is being spent currently. The challenge for federal, state, and local governments is to increase bridge investments by $8 billion annually to address the identified $76 billion in needs for deficient bridges across the United States
John Oliver pointed out on HBO’s Last Week Tonight, infrastructure isn’t “sexy” and maintenance even less so. If Edward Norton and Steve Buscemi are willing to highlight our nation’s infrastructure needs and labor and business can come together on this issue, too, then Congress can also certainly find a way
China is putting $4 trillion in reserves to back a plan to use global infrastructure construction to achieve global trade dominance
China wants to build a high speed rail network across Asia, Europe and Africa. China is in discussions with 28 countries. There is already projects moving ahead with Cambodia and Thailand.
China wants to build the new cities to take the world from 50% urbanized to 90% urbanized. World population will increase so 9 billion out of 10 billion urbanized would mean cities for 54 billion people instead of todays 3.6 billion.
China has already been building out their own infructure.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.