The photo above is of the latest bridge collapse. This one was near Seattle. Fortunately, no one died or was seriously injured. But which of our 607,839 bridges will fail next? The average age of a bridge in this country is 42 years. The Federal Highway Administration thinks we should be spending about $20.5 billion annually for the next 16 years to properly update our bridges; that's only 60% more than we are spending today. With today's low interest rates, this would be perhaps the cheapest time to do so.
Monday, May 27, 2013
Let's just wait until more bridges collapse
The photo above is of the latest bridge collapse. This one was near Seattle. Fortunately, no one died or was seriously injured. But which of our 607,839 bridges will fail next? The average age of a bridge in this country is 42 years. The Federal Highway Administration thinks we should be spending about $20.5 billion annually for the next 16 years to properly update our bridges; that's only 60% more than we are spending today. With today's low interest rates, this would be perhaps the cheapest time to do so.
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