(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles). SACRAMENTO-Water and urban runoff top the list of infrastructure sectors that need the most immediate attention in the state, Yaz Emrani, executive committee co-chair for the American Society of Civil Engineers’ California Infrastructure Report Card and co-chair of the infrastructure policy committee for ASCE Region 9, tells GlobeSt.com. The finding came from the California Infrastructure Report Card 2012, which ASCE’s Region 9 just released, giving California’s infrastructure an overall grade of “C.”

Moreover, the report—the second one issued since 2006—found an additional annual investment of $65 billion is needed to improve the total infrastructure to an adequate level. This amount includes what Emrani reveals to GlobeSt.com is roughly $4.6 billion per year for the next decade to fix the state’s water infrastructure, which was the only grade to decrease from the 2006 report card—down from a C+ to a C. Ensuring adequate supply is a main concern for the current system, he adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.