Forbes, How Should We Tackle America's Transportation and Infrastructure Woes?, 14 March 2014.
America’s infrastructure woes and how to fix them were front and center at the recent summit (1), America on the Move: Transportation and Infrastructure for the 21st Century, led by Rosabeth Moss Kanter.
When Harvard Business School Dean Nitin Nohria first moved from India to the United States more than 30 years ago, he was impressed with how well the highways and airports hummed along in this country...
(1) America on the Move: Transportation and Infrastructure for the 21st Century National Summit, February 26-27, 2014
April 30, 2014
States and local governments stand to lose $46.8 billion in federal funding for transportation and transit projects next year if Congress doesn't put more money into the Highway Trust Fund and it slides into insolvency, according to a new report.
The Transportation for America report concludes that unless Congress acts to add to the fund, there will be no federal money for new projects in fiscal year 2015. The fund, which has been used to pay for road construction and transit projects since 1956, is funded by the federal tax on gasoline and diesel fuel. The tax has not been raised since 1993, as construction costs have soared and Americans drive fewer miles in more fuel-efficient cars.
Rosabeth Kanter, a professor and part of the Harvard Business School's U.S. Competitiveness Project, a research-led effort to understand and improve the nation's competitiveness, also doubts Congress will pass a long-term funding bill. Kanter said Congress needs to pass a bill to avoid "running out of money before they get all the potholes fixed."
Then, she said, the nation needs to "reinvent" its national transportation funding system, to focus more on technology, on innovative financing such as public-private partnerships and on regional collaboration.
"We are stuck in a system invented largely in the 1950s," she said. "Other countries are doing better. … This (transportation) should be at the top of the national agenda because it's involved in every other national issue — education, health care access, air quality, the environment."