September 23, 2014|ENO CENTER FOR TRANSPORTATION
FOR IMMEDIATE RELEASE
Washington, D.C. — The American Society of Civil Engineers (ASCE) and the Eno Center for Transportation (Eno) will hold a press event at 10 a.m. on Tuesday, September 30, to release ASCE and Eno’s joint report, Maximizing the Value of Investment Using Life Cycle Cost Analysis.
ASCE and Eno have consistently documented the fact that the United States is underinvesting in its highway and transit systems. In order to make the most of limited transportation dollars, investments and assets need to be managed more effectively.
However, ASCE/Eno found that most of this money is invested without analysis of operating costs which results in less cost-effective use of limited funds. This report gives a total of nine recommendations for federal and state policymakers regarding how to use Life Cycle Cost Analysis (LCCA), which ensures that total costs related to an asset—including the cost to operate the infrastructure in the future—are accounted for in making decisions.
10:00 – 11:30 AM
Tuesday, September 30, 2014
340 Cannon House Office Building
Joshua Schank, President & CEO, Eno
Paul Lewis, Director, Policy & Finance, Eno
Brian Pallasch, Managing Director, Government Relations & Infrastructure Initiatives, ASCE
Beth Osborn, Vice President, Transportation for America
Greg Nadeau, Acting Administrator, Federal Highway Administration
The Eno Center for Transportation is a neutral, nonpartisan 501(c)(3) not-for-profit organization. Contributions support our independent research and policy work. Contributions can also be directed to support training and workforce development efforts. For more information, visit www.enotrans.org.
Founded in 1852, the American Society of Civil Engineers (ASCE) represents more than 145,000 civil engineers worldwide and is America’s oldest national engineering society. For more information, visit www.asce.org.
Publication Date:September 23, 2014