Skip to main content

US highway bill will create “much-needed growth engine,” says AEM president

A leading American manufacturing association figure claims Congress approval of the highway bill would create a “much-needed growth engine” for US jobs, infrastructure, and national and global domestic company trade.
March 19, 2012 Read time: 2 mins

A leading American manufacturing association figure claims Congress approval of the highway bill would create a “much-needed growth engine” for US jobs, infrastructure, and national and global domestic company trade.

Dennis Slater, president of the Association of Equipment Manufacturers (676 AEM), was speaking earlier this week ahead of the bill’s consideration by the House Transportation and Infrastructure Committee on Thursday, February 2.

 "Our manufacturers believe H.R. 7 is one of the most important pieces of legislation before Congress this session for job growth and for our economic well-being,” said Mr Slater. “AEM urges the House to quickly consider and approve H.R. 7 and to move quickly to conference with the Senate prior to the March 31 deadline of the current stop-gap funding.

"Roads, highways and bridges require long-term project planning. The American Energy & Infrastructure Jobs Act (H.R. 7) provides the construction industry with the market certainty it needs to make capital investments in employees and in equipment with new technologies for improved air quality and operating efficiencies. And in a still tenuous economy, it provides a much-needed growth engine.”

Mr Slater, whose association includes more than 850 company members and more than 200 product lines in construction, agriculture, forestry, mining and utility sectors worldwide, noted that the highway bill maintains federal funding for infrastructure in one of the most difficult budget environments in recent years. If approved, the bill would reform and consolidate existing highway projects, accelerate project approval times, and eliminate earmarks.

For more information on companies in this article

Related Content

  • India plans major infrastucture investment
    April 5, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt. After years of planning some projects were incomplete, there were health scares and a br
  • Growth coming for Asian construction market
    September 4, 2018
    A new report produced by research specialist GlobalData predicts continued growth for Asia’s construction market. According to the report, construction in the ASEAN region will grow by over 6% annually over next five years. The report has been published to coincide with the INTERMAT ASEAN 2018 and Concrete Asia 2018 trade shows for construction, infrastructure and concrete sectors. The data suggests that construction output in the member states of the Association of South-East Asian Nations (ASEAN) would ex
  • Deere’s big Brazilian investment
    May 14, 2012
    Deere & Company plans to build two new factories in Brazil to meet growing market demand for its construction equipment products in Brazil and other South American countries. The total investment is approximately US$180 million with Deere investing approximately $124 million of the total.
  • Beijing construction exhibition will break records
    February 16, 2012
    BICES organisers say a growth in the number of exhibitors, space and scope of the 2011 event assure it of success As the new US$33 billion Beijing-Shanghai 300km/hour bullet train swings into action the organisers of BICES 2011 are also claiming a world-class success. They say that the 11th Beijing International Construction Machinery Exhibition & Seminar 2011 has achieved what it planned with a 25% growth from the previous event (2009) in the number of exhibitors and floor space.