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Hardly. After 30-40 years some of the stuff you started with would be in need of maintenance. And of course changes in plans, expansions, natural disasters, unnatural disasters, and such will take their toll. Yes, if you've got a huge backlog and work to reduce it you will reach a steady state where you need to do far less work, but there will never be none.
Again: no.
If we did preventatives as required and acted with 15+- optimal efficiency (instead of 85% --) re. big works projects, we couldn't even employ all the people we have now on a permanent basis. We can put them to work digging holes and filling them in again (which is our current system), but that's it kinda.
There is tones of replication, grift and fat in the private contracting ecosystem. I'd go so far as to say it's MAJORITY fat. The exception to this is Rail: Our rail network is shit 'cause the companies that own it do stock buy backs instead of anything at all whatsoever, but I've never worked on the railroad part of the railroad, so I can't say for sure what's up there.
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