The White House released principles of an initiative to entice $1.5 trillion in new infrastructure spending that includes proposed regulatory changes to hasten construction on infrastructure projects.
“Our nation needs a infrastructure modernization strategy that includes roads and bridges, but also should address urban water systems, buildings, and the essential electric grid,” says NEMA President and CEO Kevin Cosgriff.
“The electrical grid is one of our most important infrastructure assets. Every aspect of the U.S. economy and virtually every aspect of modern living depend on the safe, reliable, and efficient flow of electricity into homes and businesses. Just as President Eisenhower revolutionized surface transportation via the Interstate Highway System, modernizing the electrical power system to meet the challenges of the 21st Century is equally as compelling.”
“Achieving a modernized infrastructure requires a call to action for both the public and private sectors to invest in all segments of infrastructure. Plans that utilize digitized electrification technologies will grow the economy, create new jobs, and improve our competitive position in a global economy,” Cosgriff adds.
“We also need a government that partners with industry as well as moves at the speed of commerce in removing barriers, so that together we can meet the needs of citizens across America.”