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Fast Facts on America's Infrastructure
Sunday, August 5, 2012 - 8:00pm
- Each year, Americans lose more than $9 billion in productivity from flight delays (Port Authority of NY's/NJ's Flight Delay Task Force Report).
- Ports need to accommodate a near doubling of cargo volumes by 2020, with some ports facing tripling or quadrupling of container volumes moving across their piers (The Chamber's Transportation Challenge: Moving the U.S. Economy study).
- It is estimated that an investment of $148 billion is needed just to keep pace with economic growth and ensure that the freight railroads can carry the volume of freight forecast for 2035 (Association of American Railroads).
- Between 1995 and 2004, advances in telecommunications and information technology were responsible for as much as 75% of U.S. labor productivity gains (The Chamber's Sending the Right Signals: Promoting Competition Through Telecommunications Reform report).
- Information traveling on our nation's information superhighway is expected to increase 50-fold by 2015, requiring broadband service providers to invest more than $100 billion in network infrastructure over the next five years (Progress & Freedom Foundation).
- In 1981, the United States had 324 refineries with a total capacity of 18.6 million barrels per day. In 2005, there were just 132 oil refineries with a capacity of 16.8 million barrels per day (U.S. Department of Energy).
- To cut greenhouse gas emissions in half by 2050, the world would need to invest $45 trillion in energy, build some 1,400 nuclear power plants, and vastly expand wind power (International Energy Agency).