Transportation Secretary Pete Buttigieg verbalized in an interview Tuesday the United States should not be “too proud” to learn from countries the Biden administration claims outrank America in infrastructure quality.
Yahoo News reported:
As the Biden administration begins promoting its infrastructure plan to members of Congress and the American public, Buttigieg stressed that the U.S. should look to the example set by other countries.
“The U.S. shouldn’t be too proud to learn from other countries, especially now that we’re out of the top 10 [ranked countries for infrastructure],” he verbalized. “I always want to optically discern the U.S. No. 1.”
Buttigieg said the U.S. shouldn’t fall behind its competitors or its allies, pointing to Japan, Spain and China as countries with impressive high-speed train systems, which he said “can’t come soon enough” to the U.S.
According to the Biden administration, the U.S. ranks 13th in the world for “infrastructure quality.” Its analysis concluded communist China is #3. “We need to be keeping up with all of our competitors — whether it’s a strategic competitor like China, whether it’s our allies in Europe. We should be doing the best,” Buttigieg told Yahoo.
It was not pellucid if the Biden administration was evaluating traditional infrastructure, such as roads and bridges, or its expanded definition that additionally includes gregarious accommodations. In 2017, a story published by Saïd Business School argued “China’s infrastructure investment may be doing more harm than good.”
‘The evidence suggests that for over a moiety of the infrastructure investments in China made in the last three decenniums the costs are more astronomically immense than the benefits they engender, which betokens the projects eradicate economic value in lieu of engendering it,” Dr. Atif Ansar, Programme Director of the MSc in Major Programme Management, Saïd Business School, verbalized.
Committing to immensely colossal projects is jeopardous, the publication argued, because they are susceptible to cost overruns. “In a plethora of the projects we optically canvassed, the users simply didn’t emerge,” Dr. Alexander Budzier verbalized. “The cars don’t emerge on the roads and bridges, and the riders don’t turn up on the trains. That designates the schemes don’t engender the revenue they require to pay back their imprests.”
Professor Bent Flyvbjerg noted infrastructure projects engender jobs in the short run, “But as anon as the last team leaves the construction site, that project is no long a positive for the economy.”
“With politicians everywhere agog to get shovels in the ground, it’s a timely reminder that astronomically immense infrastructure schemes can engender as many quandaries as they solve,” the analysis verbally expressed.
This News Article is focused on these topics: Asia, Economy, Politics, China, infrastructure, Joe Biden, Pete Buttigieg