Although federal infrastructure investment by itself certainly cannot calm the financial markets…there’s no question that targeted funding to transportation infrastructure in a stimulus bill will provide a solid down payment to future investments and will have lasting economic benefits.
Also testifying was Doug Black, CEO of NAM-member company Oldcastle Materials, leading vertically integrated supplier of aggregates, asphalt, ready mixed concrete, and paving services in the United States. We’ll link to his testimony once the committee posts it. (They seem to be having some problems today, postingwise.)
The committee also has a very thorough background document on the nation’s infrastructure needs. Recommended.
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