On Tuesday night, President Trump addressed a joint-session of Congress for the first time in his presidency. Infrastructure was among the many issues he discussed.
The President highlighted the interstate highway system as a the “last truly great national infrastructure program,” before calling for a “new program of national rebuilding” and vowing to ask Congress to pass legislation for $1 trillion in infrastructure investment, “financed through both public and private capital.”
Infrastructure investment was one of the President’s core campaign promises. While there still needs to be much more shared about the infrastructure legislation described, including what the mix of public and private capital will be and how this investment will be allocated across our nation’s significant infrastructure needs, this is an encouraging step toward fulfilling what the President pledged during the campaign.
The speech came just 10 days before ASCE will release its new 2017 Infrastructure Report Card. The report will again provide grades and analysis of 16 categories of infrastructure and offer key solutions and category solutions to raise the grades.
One of the core solutions you can expect to read and hear about is the need for investment, and even more specifically government funding. To have lasting progress for our infrastructure, the federal government must commit to not only financing infrastructure programs but funding them. Funding must supplement – rather than replace – long-term solutions, regular appropriations, and scheduled reauthorizations. This tenet is one ASCE also focuses on in its Principles for Infrastructure Investment, released during the Presidential Transition.
Americans recognize our infrastructure needs are significant—a new investment gap number will also be released on March 9 in the Report Card. They are also solvable, beginning with federal infrastructure legislation that:
- Includes investment that provides substantial, long-term benefits to the public and the economy;
- considers the cost of an infrastructure project over its entire life span;
- ensures projects are built sustainably and resiliently;
- does not replace existing federal, state, local, or private infrastructure funding.
Explore the full Principles and mark your calendar for March 9 at 9:30 a.m. ET to watch the Report Card grades reveal live via webstream.