Building America’s Future Praises Obama’s Commitment to Infrastructure

President Obama’s Remarks at the U.S. Chamber of Commerce Focus on Public-Private Partnerships

WASHINGTON, DC -- Following President Obama’s remarks to the U.S. Chamber of Commerce today, Building America’s Future issued the following statement praising the President’s call for infrastructure investment and public-private partnerships from Marcia Hale, President:

“The President reaffirmed that our national infrastructure should receive the highest levels of investments that will spur further economic recovery and make America more competitive in the global economy by moving people and goods faster and more efficiently. According to the U.S. Department of Transportation, for every $1 billion in federal investment in transportation infrastructure, an estimated 27,800 to 34,800 jobs are created. The private sector companies that do most of the work will hire men and women to do these jobs while the rest of the United States will realize an improvement in their quality of life.

“Building America’s Future applauds the cooperation between the U.S. Chamber of Commerce and the Obama Administration in looking to find innovative solutions to our crumbling infrastructure and building for the 21st Century.”

In his remarks, President Obama encouraged business leaders to work with government through investments in infrastructure, education and innovation.  He particularly thanked the “Chamber for pushing Congress to make more infrastructure investments, and to do so in the most cost-effective way possible: with tax dollars that leverage private capital, and with projects determined not by politics, but by what’s best for our economy.”