Running on Empty: Tackling America’s Infrastructure Crisis
Today, the National Journal hosted an event that was underwritten by Zurich, “Running on Empty: Tackling America’s Infrastructure Crisis.” Sean Kevelighan, senior vice president, head of government and industry affairs at Zurich North America, provided opening remarks.
The event served as a forum on ways to deal with the country’s infrastructure funding gap, focusing on the Highway Trust Fund and recent funding proposals put forward by the administration. It featured keynote remarks from Transportation Sec. Anthony Foxx and Rep. Bill Shuster (R-PA), chair of the House Transportation and Infrastructure Committee, and a panel discussion with experts on infrastructure development.
Below are key highlights from Kevelighan’s remarks:
Modern Infrastructure Is Critical To Supporting U.S. Trade Economy
“A modern infrastructure should center on supporting economic growth; which in this day and age means moving people, goods, and services, in around, through and out of our nation. As Secretary Foxx said earlier this week before an event with Council on Foreign Relations, our country is truly a land bridge for global trade, but we cannot fall behind.”
Funding Infrastructure Requires Looking At All Possible Options
“Certainly all of us here know that the underlying question or challenge we face is much less about the important of rehabilitating our infrastructure, and much more about how we can pay for it given the ongoing budgetary and government spending constraints we face. The solution to this problem likely can be found by exploring any and all alternative funding sources whether they are public, private, or a combination of both…so the country can have he certainty to make long-term investments.”
Infrastructure Investments Need To Focus On Long-Term Durability
“To ensure these investments last for the long term, we need to build to a new standard of resilience, to create a sustainable infrastructure that will stand the test of time and the increasing frequency of severe weather.”
More information about the event is available here.