Infrastructure Projects Show Big Economic Returns, Big Hurdles to Fund, Treasury Department Study Finds
In a study released on December 30, the Treasury Department listed 40 transportation and water infrastructure projects nationwide with the potential for major returns on investment, reports Engineering News-Record. The report estimates that capital costs would total more than $330 billion, but that net economic benefits would be between $500 billion and $1.1 trillion. Despite the high ROI, the study noted that 39 of the projects face major funding shortfalls and funding remains the biggest hurdle to overcome.
Move Maryland Forward With These Initiatives, Says Dee Hodges of the Maryland Taxpayers Association
In an op-ed for MarylandReporter.com, Hodges offers several tax relief initiatives aimed at spurring growth and helping Maryland’s economy thrive. “Government should always be about fostering conditions — laws, regulations, and taxes — to better enable the citizens to thrive,” writes Hodges.
Federal Railroad Administration Plan Could Mean Economic Growth for Baltimore, State
The Federal Railroad Administration’s recently released 30-year plan for the Northeast corridor includes proposals that would significantly reduce the rail travel time between Baltimore and New York City—down to 1 hour and 45 minutes–potentially spurring economic growth, according to an editorial in The Baltimore Sun. The Northeast Corridor is expected to grow by 7 million residents by 2040 according to FRA’s study. As with everything infrastructure, the FRA’s plan comes at a cost, but one the editorial says is necessary for the nation’s busiest transportation corridor.