Taking America's Infrastructure to the Bank

All indicators show that America's infrastructure -- from roads to bridges to sewers to airports -- is in dire need of investment and repair. Can a National Infrastructure Bank make the difference?

2 minute read

March 2, 2008, 7:00 AM PST

By Michael Dudley


"Perhaps because national infrastructure is so amenable to physiological comparison – highways are the nation's bloodstream, its sewage systems the digestive tract, its bridges synapses – it is also subject, at least in journalistic cliché, to one of life's few inevitabilities: aging.

Much of the evidence for this "infrastructural maturity" results from a 2005 report by the American Society of Civil Engineers (ASCE) that gave America's infrastructure an average of a D on its Infrastructure Report Card. Grades ranged from a D- for drinking water systems (there is a wide funding gap for improvements, particularly in urban centers) and navigable waterways (half the nation's locks are functionally obsolete) to a relief-inspiring C+ for solid waste (the number of landfills has declined, but mammoth regional fills have replaced them). The Center for Strategic and International Studies (CSIS) outlined similar concerns in its 2006 "Guiding Principles for Strengthening America's Infrastructure": aviation traffic will grow 39% by 2016, freight tonnage will increase 50% by 2020, and severe highway bottlenecks have already increased 40% in the last five years, but the structures that support these systems are deteriorating. 13,000 fatalities result each year from inadequate maintenance of highways, $63.2 billion are lost to traffic on the roadways, and $9 billion are lost to aviation delays.

Despite the ASCE's empirical evidence and our intuitive sense (when was the last time you sat bumper-to-bumper with an SUV or stood jowl-to-jowl with someone in the subway) that infrastructure is aging and inadequate, no large-scale effort has been undertaken to confront the problem in a comprehensive and purposeful manner. Even after a bridge collapsed in Minnesota , a steam pipe burst in New York City, and levees broke in New Orleans, attempts to mend our bridges, highways, and waterways still stall because of bureaucratic strife and ineffective funding.

The National Infrastructure Bank is a first step in creating a coherent vision of American infrastructure. First, the use of bonds – rather than a pay-as-you-go system that relies on yearly revenues – allows the federal government to develop a stable, long-term strategy for economic growth based on infrastructure improvements. Such a vision would emphasize the urban areas where most of the American population lives and from where most American prosperity is generated; would confront the environmental challenges associated with both aging infrastructure and new construction; and would consider the benefits and the dilemmas linked to the ever-increasing mobility of people and goods.

Interestingly, political support for an infrastructure bank is growing."

Thursday, February 28, 2008 in Campaign for America's Future

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 30, 2025 - Diana Ionescu

Close-up on Canadian flag with Canada Parliament building blurred in background.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?

As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

April 28, 2025 - Benjamin Schneider

Hot air balloons rise over Downtown Boise with the State Capitol building visible amidst the high rises.

The Five Most-Changed American Cities

A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.

April 23, 2025 - GoodMigrations

People biking along beach path with moored ship in San Diego, California.

San Diego Adopts First Mobility Master Plan

The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.

7 hours ago - SD News

Sleeping in Public

Housing, Supportive Service Providers Brace for Federal Cuts

Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.

May 2 - KSL

Conductor walks down platform next to Amtrak train at station in San Jose, California.

Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement

An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.

May 2 - Streetsblog USA

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.

Senior Manager Operations, Urban Planning

New York City School Construction Authority

Building Inspector

Village of Glen Ellyn

Manager of Model Development

Central Transportation Planning Staff/Boston Region MPO