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With current low interest rates, I'd say this effect is sharply reduced. The twenties will produce infrastructure that will last a really, really long time bec
by daniel-cussen 7y ago
With current low interest rates, I'd say this effect is sharply reduced. The twenties will produce infrastructure that will last a really, really long time because those maintenance costs will be incorporated almost without discount.
- asdff 7y agoA lot of public budgets don't have room for a big upfront cost, but a longer pay period can be incorporated more smoothly and disturb fewer other parts of the budget, even if it ends up costing more in the long run. Sometimes there are federal grants to provide quick windfall for public works.