GreenBiz: Consequences of ignoring water risk [US] could impede competitiveness

BOSTON, MA — Failure to address water risks and other critical issues posed by aging or inadequate infrastructure could further impede the U.S. economy and America’s attempts to regain global competitiveness on a number of fronts, a new study warns.

That’s the conclusion of “Infrastructure 2010: Investment Imperative,” the fourth in an annual series of reports produced by the Urban Land Institute and Ernst & Young that examine infrastructure trends around the globe.

Earlier reports focused on transportation and the latest report updates previous findings with information showing that the U.S. continues to lag behind Asia and Europe in investments in transit systems. In addition this year, the report takes its first hard look at water issues:

“Falling behind global competitors, the United States struggles to gain traction in planning and building the critical infrastructure investments that are necessary to ensure future economic growth and support a rapidly expanding population … Perhaps no other infrastructure category presents the United States with greater challenges than water,” the report said.

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