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Now it is up to the Obama administration to issue regulations that do not delay infrastructure projects and don't encourage mirror legislation in other countries".
Indeed, over the next several years, as has been well documented, state governments will face budget deficits of several hundred billion dollars that will force them to cut services and delay infrastructure projects.
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More than half have canceled or delayed infrastructure projects.
Mismanagement and corruption are two of the leading causes for delayed infrastructure projects throughout India, two things that Mr. Yadav pledged to do away with in his home state.
Many countries, including Germany, have delayed infrastructure improvements.
Notable drop-offs include siblings Nijaporn Charanachitta and Premchai Karnasuta, whose flagship, Italian-Thai Development, saw its shares fall 35% in the past year as the government delayed infrastructure spending.
More damning, though, are the cancelled or delayed infrastructure projects that were meant to accompany the new stadiums and boost wider development in host cities. Promised rapid transit systems, light rail, airport upgrades and other transport initiatives have all been quietly shelved or radically downgraded in Manaus, Salvador and numerous other venues.
(They have since lagged the 50 list cutoff as the government delayed infrastructure spending, hitting their stock price). Italian-Thai, which marks its 60th anniversary this year, helped build both the BTS and MRT mass-transit lines in Bangkok and is in the running for numerous other rail projects around the country.
He promises to use "military-style efficiency" to get delayed infrastructure projects back on track.
Imagine what would have happened last year if Obama had spent $300 billion on tax rebates instead of that same amount on (delayed) infrastructure projects.
Our city has been hemorrhaging money for the past four fiscal years, draining $33.6 million from its reserves, despite eliminating more than 120 employee positions, delaying infrastructure repairs and cutting into many services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com