Martin Marietta’s Nye Looks at 2011
February 11, 2011 – With its stellar quarterly report, and year-end 2010 results just released, Martin Marietta Materials’ President and CEO Ward Nye addressed business conditions going forward. He sounded a tone of cautious optimism, despite the potential logjam for infrastructure funding at the congressional level.
Published: Friday, 11 February 2011 13:41
Written by Mark Kuhar
"While a variety of factors make it difficult to form a complete perspective for 2011, there are a range of considerations informing our thinking at this time,” Nye said. “ A noteworthy consideration will be the rate at which states spend available stimulus funds for infrastructure projects in our key markets. At present, we operate under a Congressional continuingresolution that extended the Safe, Accountable, Flexible and Efficient Transportation Equity Act – A Legacy for Users (SAFETEA-LU) through March 4, 2011. While Congressional Democrats and Republicans broadly agree that investing in infrastructure is a key governmental priority, we believe another Congressional continuing resolution of SAFETEA-LU is likely for 2011. However, reauthorized infrastructure legislation at the federal and state levels could be accelerated as congress, the president and local authorities focus on infrastructure as an efficient means of jobs creation and investment in thefoundational backbone of America's economic growth.
Read more: Martin Marietta’s Nye Looks at 2011