SOURCE: CG/LA Infrastructure

CG/LA Infrastructure

October 04, 2011 10:10 ET

New Infrastructure Survey Reveals US Weakness and Need for Clear Vision

Full Results to Be Revealed at October 5th Press Conference

WASHINGTON, DC--(Marketwire - Oct 4, 2011) - CG/LA Infrastructure LLC, the world leader in infrastructure project identification and development, will announce the full results of its annual survey of public and private sector executives on the US infrastructure market, 10 am, Wednesday, October 5th, at the National Press Club. The survey paints a gloomy picture for US infrastructure with scores at all time lows. In terms of a country's ability to develop infrastructure projects, the US is on par with Peru and well below countries like Brazil, India, and China which compete for scarce infrastructure dollars and expertise.

"We have conducted this survey around the world, and the overall results for the US are startling," said Norman F. Anderson, President & CEO of CG/LA Infrastructure. "Particularly in the wake of President Obama's jobs plan and call for an infrastructure bank, the survey reveals the need for urgent action and a clear infrastructure strategy for the US."

The CIC survey is a CG/LA proprietary tool initially developed with the World Economic Forum to score a country's capacity to develop infrastructure projects. The CIC survey questions respondents on eight fundamental areas for infrastructure project development. Each area is ranked on a scale from one to ten, with scores below seven indicating a failing grade.

Consisting of seven out of eight failing grades in Overall Vision, Public Sector Technical Capacity, Public Sector Strategic Capacity, Great Projects, Leadership, Long-term Project Performance, and Local Equity Capacity, the US scored 43.8 in 2011, compared to Brazil's most recent score of 50.8 and India's score of 51.3. Overall, the scores suggest that the US is falling into second-rate status in the infrastructure arena, becoming a country that does not attract top-flight expertise or resources to its infrastructure business. In particular, responses on questions about leadership and vision yielded lower scores than any previously surveyed country.

However, a glimmer of hope exists with 93% of executives believing business conditions in 2012 will be either the same, or slightly better. Also, there is a confidence in the technical capabilities of the US private sector to build necessary infrastructure projects reflected by the passing grade in Engineering, Procurement, Construction firms (EPC).

To learn the full survey results of the CIC survey, the upcoming 3rd North American Strategic Infrastructure Leadership Forum, or to receive an embargoed copy of the draft White Paper on US Infrastructure Capacity please register for the press conference held at the National Press Club on Wednesday, October 5th, from 10 am - 11 am. RSVP here: press@cg-la.com.

To download the Top 100 projects to be featured at the Leadership Forum or for more information, please visit: http://www.cg-la.com.

About CG/LA Infrastructure LLC
CG/LA Infrastructure focuses on the creation of long-term value in the world's infrastructure markets. Infrastructure is the internal framework for a country, allowing its economy and its citizens to be productive and healthy. CG/LA provides public and private sector firms with services based on over two decades of working in various infrastructure sectors in the developed and developing world.

Core services provided by CG/LA Infrastructure include the Infrastructure Leadership Forum Series, Strategic Consulting, Project Development, and Macroeconomic analysis based on proprietary tools. Together these services form a dynamic package allowing stakeholders to properly identify key market challenges and effectively develop business.

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