Financing Authority Promotes Public, Private Partnership in Job-Creating Projects

Washington, D.C. (November 15, 2013) – General President of LIUNA – the Laborers' International Union of North America – Terry O’Sullivan, praised the Building and Renewing Infrastructure for Development and Growth in Employment Act, introduced by a bipartisan group of ten senators today,  which would create an infrastructure financing authority that will help ‘jump-start investment, job creation and boost U.S. competitiveness,’ with the following statement:

“LIUNA applauds the Republicans and Democrats who put partisan politics aside for the good of our country today by coming up with this proposal to help rebuild America’s crumbling infrastructure. This financing mechanism provides a much-needed incentive for future private investment in our transportation system, which has been relying on a highway trust fund that is on the brink of insolvency. Along with strong federal and state investments private capital could go a long way toward restoring America’s economic competitiveness in the world for generations to come. With new public and private investments in transportation, water and energy infrastructure across the country, LIUNA will provide some of the best trained workers in the world to help get the job done.”

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Background:

• http://www.warner.senate.gov/public/index.cfm/infrastructure