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Is it Time for Another 'New Deal'?

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    Why America needs to improve its infrastructure.

  • Duration 9:01
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After all.

There is an element in the readjustment of our financial system.

That is more important than currency.

More important than goal and that -- the confidence of the people themselves.

Confidence and -- obvious ten build up that said.

In carrying out Glenn.

1933 march 13 FDR and the new deal the question of course is -- in Evelyn and in.

Climate is that you can -- on our roads these days might think so but Italian paid for it that's my question.

Clinton admin is with -- -- as CEO blacking beach.

Just a people understand that this is what your firm does straight you build the infrastructure.

Absolutely critical human infrastructure -- the way we think about it Tracy.

Power energy kinds of things the lights in here.

Water wastewater kinds of things so each of us can live in more so today Telecom facilities that we can each communicate well.

Cellular devices the -- for those has grown to.

The company global workforce you lab.

And so do you contract out these projects or do you actually do them.

We do everything from the initial planning and conceptualize -- of the project engineering of it.

Engineering Ian will do procurement of major equipment and in some regions of the world will do the construction.

But otherwise that -- -- Farmed out if it depends on what a client wants OK so -- everybody understands where you're coming from with all this.

Hey here's saying it's time that we focus on our infrastructure absolutely there's a tremendous weakness.

Idiocy American Society of Civil Engineers did a study.

Gave the US -- and the problem is -- issue mentioned in your lead that we all drive and roads and don't like potholes -- but not okay.

But the critical infrastructure a lot of it's buried.

Pipelines.

Or overhead not something that we see what is so vital to our daily life.

-- that's where the real time bomb or risk could be -- worry about our electric.

Our electricity -- we talk so much about electric vehicles -- create even handle this well.

Right now with the volume of -- electric vehicle yes no progress.

Obviously and -- there are some scenarios that say a battery operated vehicle has the benefit potentially.

To feedback power into the grid once the right kinds of things are in place.

But the real issue with power today that he is the change in fuel mix and some of the environmental issues associated.

With climate change.

We're seeing tremendous movement in the market here in the US and around the world to move to more environmental.

Solutions something that's sustainable.

But also the cost effectiveness.

Natural gas in the US is reasonably all time low pricing.

-- that is a potential fuel.

That will provide competitive advantage for the US over a longer period of time so.

What part of our infrastructure where -- and months.

Well let's take it this -- -- number one water.

You and -- water.

I can't live that day without water -- idea a little cranky if I couldn't have my morning coffee degree with which takes water as well.

So high quality watered delivered.

Responsibly reliably is there -- I think there's a real ticking time bomb.

Below ground those things that we can't see that can be a problem for so that's my number one concern you're not the first person that has sat here and said that they are concerned about -- -- shortage of that interest.

Right well.

A week or so -- Secretary Clinton talked about on a global basis that.

Water may be the next so -- of war or terrorism around the world.

When you think about global population.

Going from seven.

To nine billion and a lot of the population.

Moving from broadly spread around the world.

To oceanfront property it's going to be difficult to produce the water that we need in those locations.

Because of the concentration.

-- -- the larger number of people that all need a fixed amount of water each and every day.

It's OK so how do you suggest we fix this I mean do you think there should be another.

Government some sort of program -- yeah.

Well I think in the long run.

The US would be better if we were to find a way for you and I don't properly value the water that we use.

A government sourcing.

Building infrastructure is what our economy has replied done.

For decades.

In given the other pressures that the government here has I'm not sure -- central funding is gonna be.

A viable long term source.

People would have to dramatically.

Changed -- -- Washington DC.

To make that a high priority there are just too many other things -- way.

But I think a case can be made.

A nominal increase in consumer price.

-- -- be implemented.

And make sure that reasonable designed reasonable facilities will be in place to meet the long term lending rates in the price of what.

The price of water what you pay on a monthly or quarterly basis for water the end or waste water treatment.

Doesn't have to go up that much because of the number of people that are here.

And take that increase and put it towards the system that I have a well right I -- I can't think well if you're lucky.

Not everybody has a well but if you have a problem with water quality.

Water you going to do if that well for -- is polluted.

It's not unusual in the U as we did a project a few years ago percent of Monaco where.

The ground water was polluted with industrial chemicals.

In a significant investment was required in water treatment to treat what had been seen in the past.

-- theory pure ground water.

Now I don't want to say everybody's gonna have that problem.

But you also can't be assured that you -- well is going to be.

Pier and of the right water quality for a long period what other things where you -- bridges -- you.

-- -- pipelines what else is on your list of worries I'm worried right now about energy supply.

You.

Over the years it used to be the lack of fuel are dependable fuel here.

With new fines of natural gas in the US I think we're we have an answer there it's not a total answer there's some potential.

Environmental things that have to be worked on -- think we're going in the right direction there.

There will have to be a major change you know and power generating infrastructure though to meet the needs if we assume that coal fired power.

He isn't the long term answer here because of environmental questions.

The Environmental Protection Agency in the last year's generated some significant.

Regulations.

That will impact the current generation -- Black and each predicts the 63.

Giggle -- of coal fired power.

Will have to be abandoned.

While -- -- next.

But before the end of this decade.

So assuming the economy continues to grow we will need to continue to find.

Ways to replace that but also touch the new growth in this economy.

We have to run but what do people do if they're concerned about this voice an opinion path.

Talk with their local utility local elected officials and say I want your guarantee.

That I will have an adequate reliable water supply and adequate reliable power supply.

Value it properly.

In I'll pay my fair share.

But don't do it -- you have more information and you have say yes we do which is about BV dot com.

Eighty dot com -- -- CEO black -- beach they should bring analysts -- attention it's important stuff and we don't have enough about it.

I agree with you Tracy thanks for the opportunity glad you're here thank you there because.

I think about -- content across our bridges.

-- -- things built scary.

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