Real Estate

Outdated rainfall models put billions in new infrastructure at risk

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Billions of dollars in federal funding from the Biden administration’s Infrastructure Investment and Jobs Act could be wasted because state highway and bridge projects are using an outdated government precipitation model to determine future flood risk, according to a new report from First Street Foundation, a nonprofit climate risk research and technology firm.

The government’s precipitation expectation model from the National Oceanic and Atmospheric Administration, or NOAA, is called Atlas 14. States use it widely to inform the engineering design of transportation infrastructure, such as roads and bridges, by predicting rainfall and, consequently, flooding.

But Atlas 14 is based on…



Source cnbc.com

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