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March 4, 2021, 9:46 a.m. EST

America really is broken: Here’s how much more engineers say it would cost to fix it

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Robert Schroeder

The Big Number: The U.S. is facing a $2.59 trillion shortfall in meeting its infrastructure needs, the American Society of Civil Engineers said Wednesday.     

What Happened: The engineers’ group released its latest report card on U.S. infrastructure /zigman2/quotes/203179113/composite IGF +0.49% , giving an overall grade of C-. That’s an upgrade from the D+ of the last report from four years ago , but leaves lots of room for improvement. “We’re still just paying about half of our infrastructure bill,” the report says. “The total investment gap has gone from $2.1 trillion over 10 years to nearly $2.59 trillion over 10 years,” according to the group.   

What It Means: The report arrives just as President Joe Biden is gearing up for a big push on infrastructure, and will almost certainly be used as more evidence that U.S. highways, dams and bridges are in critical need of an upgrade.

More from MarketWatch:

U.S. gets C- grade on its infrastructure report card

Wall Street’s 20 favorite infrastructure stocks are expected to climb as much as 34% over the next year

US : U.S.: Nasdaq
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May 6, 2021 4:00p

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