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IF LAWMAKERS IN WASHINGTON needed any more incentive to go big in their pending infrastructure package, the nation's preeminent group of engineers is giving it to them. Last month, the American Society of Civil Engineers (ASCE), which has more than 150,000 members in 177 countries, gave U.S. infrastructure a C- grade in its "2021 Report Card for America's Infrastructure," its latest quadrennial assessment of the nation's infrastructure. The grade is a slight improvement from the D+ issued in 2017. ASCE found that the country is spending just over half of what's required to support the backbone of the economy. And overall, the long-term infrastructure investment gap continues to grow. That gap has risen from $2.1 trillion over 10 years in the last report to $2.59 trillion in the latest study-meaning a funding gap of $259 billion per year. "This not a report card anyone would be proud to take home," said Thomas Smith, executive director of the ASCE. "We haven t made significant enough investments to maintain infrastructure, that in some cases was built more than 50 years ago." |