Spending on capital projects in Massachusetts has not contributed in any significant fashion to the state’s budget crisis. During the 1980s the state probably spent too little, rather than too much, on public infrastructure. The states nationwide are caught between the increased requirements...

This article summarizes the Bank’s economic conference held in June 1990. The conference aimed to determine the extent to which the United States may be underinvesting in public infrastructure, explain the potential economic consequences, and suggest mechanisms to help alleviate any adverse...

Bridge collapses and water main explosions focus national attention on the crumbling condition of the nation’s infrastructure. Catastrophic infrastructure failures are always a momentary spur to debate on the nation’s capital investment policies. But increasingly these negative developments...