Black & Veatch CEO urges infrastructure investments

OVERLAND PARK, KANSAS - Len C. Rodman, Chairman, President and CEO of Black & Veatch, said that stimulus funding in energy, transportation and water infrastructure will provide the greatest returns in achieving U.S. economic recovery, job growth, greater efficiency and productivity.

Rodman stated in a recent column that longer-term investments in foundational infrastructure are needed to provide a more stable base of employment and sustainable benefits.

“The goal of investing in the nation’s infrastructure as part of the economic recovery deserves widespread support and quick action,” Rodman said. “And we must look beyond simple U.S. roads and bridge infrastructure investments if we are to realize a wide-ranging and sustainable economic rejuvenation.”

In the column, Rodman explains how funding in such sectors as mass transit, railroads, energy and water not only helps jump-start and sustain the U.S. economy, but also leads to improvements in efficiency and better utilization of vital infrastructure.

In addition, Rodman advises that such investments will bolster the basic construction industry as well as technology and manufacturing industries where the use of equipment that supports these needs drives a much wider base of the economy.

“In the long-run it’s critical that the country gain competitive advantages that are part of the solution to repay the massive debt we are incurring,” Rodman said.

Related News

Idaho Power Settlement

Idaho Power Settlement Could Close Coal Plant, Raise Rates

IDAHO - State regulators have set a May 25 deadline for public comment on a proposed settlement related to the early closure of a coal-fired plant co-owned by Idaho Power.

The settlement calls for shuttering Unit 1 of the North Valmy Power Plant in Nevada in 2019, with Unit 2 closing in 2025. The units had been slated for closure in 2031 and 2035, respectively.

If approved by the Idaho Public Utilities Commission, the settlement would increase base rates by approximately $13.3 million, or 1.17 percent, in order to allow the company to recover its investment in the plant on an accelerated basis.

That equates to an additional $1.20 on the monthly…

READ MORE
bc-electric-highway

BC’s Electric Highway

READ MORE

Western Canada drought impacting hydropower production as reservoirs run low

READ MORE

NT Power

NT Power Penalized $75,000 for Delayed Disconnection Notices

READ MORE

Russ Urban, president of High Hotels Ltd

Pennsylvania Home to the First 100% Solar, Marriott-Branded U.S. Hotel

READ MORE