United States Department of Transportation
i
An Economic Analysis of Spending on Marine Transportation System (MTS) Infrastructure
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2020-04-01
[PDF-2.47 MB]
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Abstract:By leveraging available historical data and previous work concerning the economic costs of degraded infrastructure, this report considers how an increase in MTS infrastructure spending would affect economic performance. The analysis uses the Inforum LIFT model3 to explore more robust funding levels for MTS infrastructure during a 26-year period spanning 2020 to 2045, including an 11-year capital investment program stretching from 2020 through 2030. This ultimately shows how infrastructure expenditure above current funding levels will help to recover from the long pattern of underspending in infrastructure, thus enabling higher growth, improved trade performance, expanded employment opportunities, and enhanced value of household incomes.
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