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- W632774980 abstract "This profile is the first study to fully quantify the importance of transportation infrastructure and the transportation construction industry to the American economy. The Economics and Research Division of the American Road and Transportation Builders Association researched, organized, and analyzed data from the government agencies that collect information relevant to the nation's transportation infrastructure and the many components of the transportation construction industry. Key findings in the analysis include the following: The U.S. transportation infrastructure has a value of $1.75 trillion--10 times the value of all computers used by American business; more than 11% of the U.S. Gross Domestic Product is spent for transportation; every $1 billion invested in transportation infrastructure generates more than $2 billion in economic activity throughout the economy; and transportation construction exceeds the value of the output of all the nation's farms, the petroleum industry, all of the Wall Street brokerage firms, and the television and radio mass media. In 1998, Congress passed the Transportation Equity Act for the 21st Century (TEA-21), which provides a 44% increase in federal funding for highways. Based on this increase, plus conservative trend-line projections of other transportation infrastructure expenditures, transportation construction should be a $200 billion industry by 2003." @default.
- W632774980 created "2016-06-24" @default.
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- W632774980 date "1999-07-01" @default.
- W632774980 modified "2023-09-28" @default.
- W632774980 title "AN ECONOMIC ANALYSIS OF THE U.S. TRANSPORTATION CONSTRUCTION INDUSTRY: A $160 BILLION INDUSTRY EMPLOYING 2.2 MILLION AMERICANS" @default.
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