Andre Hurst of Encinitas Based California Bond Finance Regional Center Met With State Officials Regarding Financing of Critical Infrastructure Projects.
Andre Hurst of Encinitas met with State officials today to discuss financing options for California's crumbling infrastructure.
Encinitas, California, July 29, 2016 (Newswire.com) - Encinitas based California Bond Finance Regional Center reported today that Andre Hurst met with State Lawmakers to discuss financing for California critical infrastructure projects.
Andre Hurst states that America faces a worsening crisis of crumbling roads, aging bridges, thriving but overwhelmed airports, ports falling behind the rest of the world and electricity grids straining under ever-increasing demand. According to the Bipartisan Policy Center, our nation now faces a $1 trillion infrastructure funding gap. That does not even take into account the future investment required to keep up with growing populations and to sustain a competitive economy.
California's infrastructure is in crisis, our roads, bridges, and schools need help
Andre Hurst, Manager
In its recent report card, the American Society of Civil Engineers gave a “D” to our roadways, transit systems, drinking water and aviation infrastructure. Our bridges, railways and energy systems did not fare much better. According to estimates, if current trends continue, the deterioration of our surface transportation infrastructure will cost the economy $2.9 trillion and 400,000 jobs by 2040.
In California, the society found that more than 2,700 of the state’s 25,000 bridges are structurally deficient and that it will cost drivers $17 billion a year to drive on roads in need of repair. That is $703 per year per motorist. In addition, there is $45 billion in infrastructure needs for drinking water over the next 20 years. These are critical issues that affect everyone in the state.
In San Diego County and in cities like Encinitas, Carlsbad, Oceanside, and Vista are struggling to keep up with the infrastructure needs of the cities. The state has to provide the financing vehicles to fix our roads, bridges, waterways, and schoools.
Source: California Bond Finance Regional Center