At Vulcan, we are firm in our belief that the United States is commencing a significant and necessary era of infrastructure investment. This investment is essential not only for domestic needs but also to fortify strategic bonds throughout the broader Americas region.
Diverse needs are competing for infrastructure investment funds. On one hand, we are dealing with aging infrastructure and the risks associated with assets nearing the end of their lifespan, especially with the resurgence of major manufacturing firms and suppliers. On the other hand, we are experiencing shifts in infrastructure demand patterns due to electrification, the rise of new data centers, and a growing trend of round-the-clock water consumption.
The trend toward decentralization is gaining momentum, particularly with the shift away from global supply chains. It’s probable that the Americas Region will become more interconnected in the future due to geopolitical and economic factors. To prepare for this, it’s essential to strategically invest in cross-border infrastructure, ports, and trade routes. These investments will aid in boosting trade among American allies in the region. It’s crucial to note that if we fail to make these investments and foster connections, others will step in to do so.
The current phase of infrastructure investment is crucial for our nation’s future prosperity. Failing to allocate funds to projects of strategic national significance jeopardizes our economic and social growth, as well as our global competitiveness.
Given the immense need for infrastructure investment, our focus must prioritize quality over quantity. It’s crucial to establish a lineup of financially viable projects that align with strategic objectives. This process should be transparent, emphasizing the collective value created for our citizens without political bias. We ought to promote the revitalization of industrial growth centers, bolstered by supplier networks and robust logistical and utility infrastructure. Inter-regional investments should enhance connectivity and resilience in our infrastructure, providing flexibility to adapt to shifting demands and constraints. Additionally, reforms should incentivize swift planning and execution of vital national projects when suitable.
We should evaluate these strategic infrastructure projects based on their creation of American jobs, contribution to economic growth, enhancement of national interconnectivity and competitiveness, and mitigation of risks from disasters. These investment criteria could be outlined and tracked within a Strategic National Infrastructure Investment Framework.
At Vulcan, our reputation will be built on identifying and advocating for projects of strategic national significance. If a project has a solid business case, adds clear value, or mitigates significant risks but lacks funding, we must investigate the reasons why. In some instances, if we strongly believe in the potential value, we will take an active role in advancing these strategic projects for communities. This could involve arranging permits and financing to ensure the delivery of critical infrastructure. We are currently at a crucial juncture and should seize this opportunity to maximize the benefits for our citizens.
Let’s roll up our sleeves and get to work!
“It is not our wealth that built our roads, but it is our roads that built our wealth”
– John F. Kennedy, 35th President of the United States
