Black & Veatch CEO urges infrastructure investments

subscribe

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

power

Manitoba Government Extends Pause on New Cryptocurrency Connections

WINNIPEG - The Manitoba government has temporarily suspended approving new electricity service connections for cryptocurrency mining operations. The decision comes as the province grapples with the cryptocurrency industry's growing energy demands and potential impact on electricity rates for residents and businesses.


The Original Pause

The pause was initially imposed in November 2022 due to concerns that the rapid influx of cryptocurrency mining operations could place significant strain on the province's electrical grid. Manitoba Hydro, the province's primary electric utility, warned that unregulated expansion of the industry could necessitate billions of dollars in infrastructure investments, potentially driving up electricity…

READ MORE

Energy Vault Lands $110M From SoftBank’s Vision Fund for Gravity Storage

READ MORE

trump-vision-of-us-energy-dominance-faces-real-world-constraints

Trump's Vision of U.S. Energy Dominance Faces Real-World Constraints

READ MORE

tesla-expands-charging-network-in-nyc

Tesla Expands Charging Network in NYC

READ MORE

Ireland announces package of measures to secure electricity supplies

READ MORE