US Infrastructure Executives Set Clear Course for Infrastructure Industry Renewal CG/LA Survey Results Emphasize Increased Private Sector Participation and Chart a Clear Course to Doubling US Infrastructure Investment and Increasing US Competitiveness
WASHINGTON, Oct. 2, 2012 /PRNewswire/ -- The CG/LA US Infrastructure Priorities Survey 2012, conducted from Sept. 15 – 30, 2012, asked high-level infrastructure executives from all regions of the US and all infrastructure disciplines to identify areas in critical need of investment and to prioritize areas of action.
Respondents weighed in:
- 93% believe that the US has no overall infrastructure plan. One executive commented, "There is a potential for disaster at every turn."
- Building Public-Private Partnerships is the most important US action for increasing infrastructure investment. Highest priorities identified were:
- Public-private partnerships (57% of respondents list as a top 3 priority)
- Increasing gas tax (47% of respondents)
- Creation of a national infrastructure bank (44% of respondents)
- Highest or above-average priority infrastructure investment requirements included:
- Bridges (79% of respondents)
- Water/waste water (70% of respondents)
- Highways (66% of respondents)
- Other priority infrastructure requirements include multi-modal systems and freight-rail
- Satisfaction with federal government's role in infrastructure is low. Respondents rated performance:
- Satisfactory (4%)
- Poor or needs-improvement (93.5%)
- Priorities and changes needed to increase infrastructure investment:
- Number 1: Faster approval process (on a timer)
- Second highest: Enabling legislation for private sector investment
With the US economy continuing to underperform, executive responses to the survey set clear priorities and areas of focus. "What I found most surprising in the survey is the clear direction that high-level executives set forth – both in terms of their analysis of the problem and in terms of their priorities," said Norman F. Anderson, CEO of CG/LA Infrastructure, Inc. "They clearly see that the way forward – and this includes public sector executives – is through increased private sector involvement, including the creation of the 'machinery' to make that involvement happen."
The CG/LA US Infrastructure Priorities Survey 2012 is released in advance of the 4th Annual North American Strategic Infrastructure Leadership Forum, to be held October 15-17 in Denver, Colorado. The National Conference of State Legislatures (NCSL) has conducted a sister survey focused on their public sector membership. Results of both surveys will be discussed in a special session of the Leadership Forum on October 17th at 10:00 am. The Leadership Forum hosts the Top 100 Infrastructure Projects in North America, including Canada and Mexico. Colorado Gov. John Hickenlooper will deliver the keynote address to the 500+ participating executives.
Note to Editors:
The US Infrastructure Priorities Survey 2012: Doubling US Infrastructure Investment and Increasing US Competitiveness is based on a survey of more than 100 C-level infrastructure executives, all of whom are currently active in the infrastructure industry. The respondents come from throughout the US and from all infrastructure disciplines. For a copy of the survey please send an e-mail to: surveyNALF4@cg-la.com
About CG/LA Infrastructure, Inc.
CG/LA is a twenty-five-year-old firm focused on the global infrastructure marketplace, providing strategic advisory and project development services to the infrastructure community, including both private and public sectors. CG/LA hosts Leadership Forum events annually, including the Global Infrastructure Leadership Forum and the Latin American Leadership Forum along with the North American event.
For further information contact:
Alex Stuart, 202.776.0990
SOURCE CG/LA Infrastructure, Inc.