NYC Infrastructure Repairs Could Cost $47B Over 5 Years

Law360, New York (March 11, 2014, 5:24 PM EDT) -- New York City's aging water mains, deteriorating roads and crumbling public institutions will cost the city $47.3 billion over the next five years to bring them into a state of good repair, according to a new report released Tuesday.

New York-based policy institute the Center for an Urban Future released a 68-page report titled "Caution Ahead: Overdue Investments for New York's Aging Infrastructure" that took a deep dive into the city's increasingly vulnerable and overburdened infrastructure, calling on city, state and federal officials to make a nearly unprecedented investment to bring roads, railways and sewer lines to a safe and functioning...

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