Thursday, March 28, 2013

Two Sides of Infrastructure Investment

The first side is related to our water infrastructure.  From Fix This: Water in the current issue of Bloomberg Business (the reference in the quote is Chicago) -

"From 1890 to 1920 we were installing water mains at a rate of about 75 miles a year.  And over the last 10 years we were only replacing them at about 30 miles a year."


The other side is relate to transportation infrastructure; namely rail.  From The Wall Street Journal on March 27, 2013 by Betsy Morris, Boom Times on the Tracks: Rail Capacity, Spending Soar -

"Welcome to the revival of the Railroad Age.  North America's major freight railroads are in the midst of a building boom unlike anything since the Industry's Gilded Age heyday in the 19th century - this year pouring $14 billion into rail yards, refueling stations, additional track.  With enhanced speed and efficiency, rail is first becoming a dominant player in the nation's commercial transport system, and a vital cog in the economic recovery."



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