James H. Roberts, President and Chief Executive Officer of Granite Construction Incorporated (NYSE: GVA) today appeared before the United States Senate Environment and Public Works Committee on the importance of the Transportation Infrastructure Finance and Innovation Act (“TIFIA”) and the need for increased investment in highway and public transportation.
In testimony given to the Committee today representing the Associated General Contractors of America (“AGC”), Roberts said, “The solution to meeting our transportation infrastructure needs is twofold. First, Congress and the Administration must work together in a bipartisan way to increase user fees and identify new revenue sources to address our transportation needs, both now and in the future.
“Second, there must be more private-sector involvement in the construction of transportation projects. AGC believes the Transportation Infrastructure Finance and Innovation Act program, has a proven record of accomplishing this objective.”
A webcast and transcript of today’s testimony is available on the United States Senate Committee on Environment and Public Works at: http://www.epw.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=f32ed6aa-9f39-b2e4-4727-822a1eec59b1.About Granite Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Incorporated in 1922, Granite serves public- and private-sector clients on projects both small and large. Granite’s project teams represent some of the best in the industry serving owners in the transportation, power, federal, tunneling, underground, and industrial/mining and water resources markets. In 2013, the Company was recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for the fourth year in a row. For more information please visit www.graniteconstruction.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts