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What is the cost of our failing U.S. infrastructure?

Our failing U.S. infrastructure has many costs associated with its repair or replacement. But what about the indirect costs and ramifications to individuals and businesses? Attendees of a recent town hall in Waren, Michigan discussed and concluded that our aging infrastructure could cost our cities and businesses $1.2 trillion by 2020.Families will lose an estimated $3000 per year each in lost time, service, and car repairs due to crumbling roads. President of the Utility Workers Union of America, Michael Langford, stated “We’re all paying for a first rate infrastructure, but we’re getting a third world infrastructure.”

 

The cost of infrastructure to our cities stems from more than 600 bursting water mains per day and 7 billion gallons of spilled water across the U.S. This gets passed on to businesses and consumers rather than using potential funding for investment in infrastructure that not only creates jobs, but that reduces service interruptions and decreases lost resources. Furthermore, replacement of aging infrastructure and building of new infrastructure such as power plants is occurring more often than us asking, “What can we do more efficiently with what we already have?”
water main break causes sink hole
A water main dating back to the 1800’s broke in Pennsylvania causing a huge sink hole in the middle of the street. (Source: pennlive.com)

 

Individuals and families feel the cost of infrastructure every time they sit in traffic for hours, hit a pothole, lose water service or electricity due to a brown out. In north Texas alone this week, three separate water main breaks caused disrupted water service, damaged nearby houses with pressure geysers or flooding. By 2020 the cost of infrastructure passed down to consumers is projected to reach $611 billion nation wide. In addition, water rates may double over the next two decades to properly reflect actual utility operating costs due to these emergencies. The ideal alternative is to be more efficient and not spend 10 times the amount on an emergency repair as we would with proper maintenance and repair of our infrastructure.
water main break
This water main break in Dallas Fort Worth caused substantial damage and flooded seven residential blocks in the area. (Source: cbsdfw.com)

 

In addition to saving money through preventative maintenance, owners can save an additional 60-90{f00316eaeff19fc4d3daa6454136ee4db9a0ad1868aa2a79e58a2db09827821d} over replacement or traditional concrete or steel repairs by using alternatives, such as HJ3’s structural strengthening systems. From bridges and overpasses to underground pipes and even manholes, HJ3’s composite systems are designed to return a structure’s strength in a matter of days rather than weeks or months, and require far less resources using carbon fiber than with concrete or steel reinforcements.
large diameter pccp repair
HJ3’s advanced composites are used to repair and strengthen our aging infrastructure, from underground water pipes, steel pipes, manholes, bridges, overpasses, and other concrete and steel infrastructure.

 

Our failing U.S. infrastructure impacts us all on a federal, state and city, business and consumer level. The costs we’ll incur will reach an estimated $1.2 trillion by 2020, not to mention the $3.6 trillion estimated cost to repair or replace these structures. The longer we wait to act, the higher these figures grow.