Report: NYC Infrastructure Needs $47B Investment

NYC finds in some cases its infrastructure is so old that experts “don't even know where it is under the street.”

Mon March 17, 2014 - National Edition
Construction Equipment Guide

NEW YORK (AP) - A new report says New York City needs to spend $47 billion over the next five years to upgrade its aging infrastructure.

The Center for an Urban Future says many of the city’s bridges, subways, sewer systems and public buildings are over 50 years old.

The public-policy think tank says 47 bridges were deemed structurally deficient in 2012.

It says in some cases the infrastructure is so old that experts “don’t even know where it is under the street.”

The institute says the city needs to invest in fixing the decaying infrastructure to maintain its quality of life and economic competitiveness.

The report recommends changes to state and city contracting rules that could bring down construction costs.

The mayor’s office says the city is investing billions to maintain and expand its infrastructure.

RELATED Explosion a Reminder of NYC’s Aging Infrastructure"

Today's top stories

Clark Construction 'Tops Out' Aztec Stadium

Fahey Sales Acquired by Jeff Martin Auctioneers

Case to Host CASE LIVE Virtual Event on Building Ultimate Snow Fleet

Brasfield & Gorrie Brings Grandview Project to Life

MDOT Rebuilds Section of I-75 Following Tanker Fire

New Bridge at NASA's Kennedy Space Center Starts with Utilities Work

Transportation Infrastructure Investment Generates $200B in Economic Activity, 700,000 Jobs Annually for California

NC I-26 Interchange for Pratt & Whitney Site Could Cost Up to $35M

ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo