Press Release

NEW BUILD AMERICA INVESTMENTS INITIATIVES WILL BOOST ECONOMY, HELP REBUILD AGING INFRASTRUCTURE, CONSTRUCTION OFFICIAL SAYS

Date: January 16, 2015

New EPA Water Finance Center, Rural Investments and Qualified Public Infrastructure Bonds Should Help Finance Needed Clean Water, Energy and Transportation Projects, Official Adds

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in response to today's announcement of new Build America Investment Initiatives By President Obama:

"The new Build America Investment initiatives outlined by the Obama administration today will help boost our economy and help rebuild aging infrastructure. The steps being taken by the administration should make it easier for state and local officials to finance a wide variety of projects designed to upgrade aging clean water systems, improve power transmission networks and keep our roads and bridges safe.

"While these measures will help, taken on their own they will not solve the growing challenge we face as a nation of maintaining and upgrading our aging water, energy and transportation infrastructure. That is why we will continue to work with the Congress and the Obama administration to identify and enact long-term measures that establish the sufficient and stable funding needed to rebuild and improve our aging infrastructure."