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Both Democrats and Republicans support a major infusion of funding into rebuilding the nation’s infrastructure. We’re not just talking about roads, bridges and highways airports, the smart grid, water systems, electricity grids and school construction could all see a boost under a federal infrastructure package.
The injection of cash couldn’t come at a better time. In the short term, the pandemic may have prompted an acceleration of infrastructure projects, as decreased traffic gave transportation authorities an opportunity to work on roads, highways and bridges with minimal impact. In the long term, though, the public sector is facing declining revenues and budget cuts as a result of the economic downturn. By some estimates, more than $9.6 billion worth of infrastructure projects have been delayed or canceled during the pandemic.
Wednesday, December 16, 2020
Both Democrats and Republicans support a major infusion of funding into rebuilding the nation’s infrastructure. We’re not just talking about roads, bridges and highways airports, the smart grid, water systems, electricity grids and school construction could all see a boost under a federal infrastructure package.
The injection of cash couldn’t come at a better time. In the short term, the pandemic may have prompted an acceleration of infrastructure projects, as decreased traffic gave transportation authorities an opportunity to work on roads, highways and bridges with minimal impact. In the long term, though, the public sector is facing declining revenues and budget cuts as a result of the economic downturn. By some estimates, more than $9.6 billion worth of infrastructure projects have been delayed or canceled during the pandemic.