The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in response to Jan. 16 announcement of new Build America Investment Initiatives By President Obama:

“The new Build America Investment initiatives outlined by the Obama administration today will help boost our economy and help rebuild aging infrastructure. The steps being taken by the administration should make it easier for state and local officials to finance a wide variety of projects designed to upgrade aging clean water systems, improve power transmission networks and keep our roads and bridges safe.

“While these measures will help, taken on their own they will not solve the growing challenge we face as a nation of maintaining and upgrading our aging water, energy and transportation infrastructure. That is why we will continue to work with the Congress and the Obama administration to identify and enact long-term measures that establish the sufficient and stable funding needed to rebuild and improve our aging infrastructure.”

For more information, call 703/548-3118 or visit www.agc.org.

Today's top stories

Construction Market Boosts Economy

Bobcat Company Donates $885,000 in Equipment to Support Salvation Army's Disaster Relief Efforts

VIDEO: KEMROC Expands; Plans to Increase Nationwide Presence

'Machinery Pete' Interviews Jack Lyon On RFD TV

VIDEO: Two Major Roadway Project Contracts Awarded by State Officials in West Virginia

VIDEO: First of Two Sections of NYC's $1.45B East Side Coastal Resiliency Project Is Complete

John Deere Construction Introduces Flexible Customer Training Options

INFRA Grant Moves Ohio's N. Coast Connector Project Steps Closer