CEO Rich Cavallaro addresses infrastructure needs on Bloomberg TV

With Congress inching toward approving a transportation bill, Skanska USA CEO Rich Cavallaro spoke Friday with Bloomberg TV – a prominent business news channel – to discuss the great need for U.S. infrastructure investment and how public-private partnerships (PPP) should be an important part of that solution.

“Investing in infrastructure is the best thing [the U.S. government] can possibly do,” Cavallaro said. “It’s been shown over and over again that the returns back to the economy are fivefold. It makes all the sense in the world to deliver good infrastructure.”

With PPPs, he said public owners benefit because the arrangements are focused on providing the lowest cost over the life of the asset, rather than just the lowest up-front cost.

Click here to watch the short segment.

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