NEW HOUSE INFRASTRUCTURE PACKAGE WILL PROVIDE NEEDED INVESTMENTS IN AGING INFRASTRUCTURE, SUPPORT ECONOMIC RECOVERY AND CREATE JOBS
The Moving Forward Act’s Proposed $1.5 Trillion in New Investments Will Improve Range of Public Infrastructure, Creating Needed Demand for Construction While Making the Economy More Efficient
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of a proposed House measure, known as The Moving Forward Act, that seeks to invest $1.5 trillion in infrastructure:
WASHINGTON – RealEstateRama – “House leaders understand that one of the best ways to promote new economic growth is by investing in the nation’s aging, and often over-burdened, infrastructure. These investments will create needed new construction careers, promote demand for new construction equipment and materials, and ensure that the economy will be more efficient and effective for years to come. The new House infrastructure proposal will provide the kind of tangible benefits our economy needs to recover.
“The new measure also takes the broadest possible definition of infrastructure. In addition to investing in transportation systems, waterways, energy and drinking water, the measure also provides crucial funding for modernizing schools, health care facilities, new housing and environmental mitigation. These broad investments will support demand across many different construction sectors, helping offset expected declines in private sector activity.
“There is a lot to this bill, and there are details in the proposal that must be improved as the measure works its way through the legislative process. Among those is the need to identify additional, sustainable, long-term funding for future infrastructure improvements. However, we support the goal of rebuilding the nation’s infrastructure, restoring demand for construction and reinvigorating our economy. That is why we are eager to work with both parties and the Trump administration to improve this proposal, with the goal of ultimately enacting a measure that helps rebuild America.”
CONTACT: Brian Turmail