The Portland Cement Association (PCA), representing America’s cement manufacturer’s, lauded the Preserving America’s Infrastructure Dollars (PAID) Act, H.R. 1375. The bipartisan legislation would require states to conduct a life-cycle cost analysis (LCCA) on federal-aid road projects over $30 million.
“LCCA examines the costs of competing designs and provides a means for agencies to make the most cost‐effective decision,” said PCA President and CEO Mike Ireland. “Too often, government agencies focus solely on initial costs, overlooking the total cost over the life of the pavement.”
Ireland noted that by considering the long-term costs of a transportation project, LCCA can reduce the adverse environmental impacts and spending associated with maintenance and rehabilitation of transportation projects.
“The PAID Act takes the right approach by leveling the playing field and helping states make the best spending decision for their citizens,” Ireland said. “LCCA ensures taxpayers receive a full value return on their investment.”
PCA released a report in 2018 estimating taxpayers would save $91 million for every $1 billion spent on infrastructure, or 9.1 percent, on infrastructure if LCCA is incorporated into the process.
To learn about organizations that support the PAID Act visit www.cement.org/lcca.