October 22, 2021

SupplyChainBrain Interviews Ken Roberts on the Dire Need for an Infrastructure Bill

2 min

On October 21, 2021, Ken Roberts was featured in SupplyChainBrain, where he discussed the dire need for an infrastructure bill and whether the promised funds for construction and maintenance will actually materialize.

According to the article, the infrastructure bill proposed by the Biden administration allocates anywhere from $550 billion to $1.2 trillion for maintenance and new construction of roads, bridges, ports, waterways, public transit, and a host of other targets that fall under the definition of “infrastructure.”

But that’s not enough, says Roberts, quoting the American Society of Civil Engineers’ estimate of $2.6 trillion as what’s needed to fix the nation’s crumbling infrastructure. The need for such an infusion “has been ignored for decades,” says Roberts, and the money contained in the current bill provides only part of the solution. “If you’re going into the emergency room and expecting that visit alone is going to cure what ails you, you’re wrong,” he says. “The same goes for infrastructure.”

The bill as it currently stands allocates billions of dollars for specific sectors, in order to head off battles between competing interests for one big lump of money. Exactly how the funds will end up being spent is yet to be determined, but Roberts is confident that state and local authorities are proficient at identifying the critical projects that most need to be funded. “This is not a wish list or for niceties,” he says. “This is triage.”

Click here to access the article.