Last week, President Bill Clinton hosted the third Clinton Global Initiative (CGI) America meeting in Chicago, an annual event focused on finding innovative solutions that promote economic recovery in the United States.
United Water CEO Bertrand Camus renewed the company’s “commitment to action” that will result in a $250 million investment over the life of the company’s contract in the City of Bayonne, New Jersey’s water and sewer treatment system.
In Chicago, President Clinton agreed to field questions on critical economic concerns from five U.S. civic and business leaders, including three CEOs. Questions focused on key economic concerns including infrastructure investment, skills gap and public-private partnerships.
One of those leaders was Stephanie Rawlings-Blake, Mayor of Baltimore, who asked President Clinton about elevating the bipartisan discussion about national infrastructure investment, creative solutions to finance new investment in crumbling infrastructure, and key lessons from other nations making smart investments in roads, bridges, transit, water systems and broadband.
In his reply President Clinton said: “The most important thing we can learn from other nations is to budget more public funds for investment and to attract more private capital to infrastructure projects. The American Society of Civil Engineers estimates that the U.S. needs $3.6 trillion in infrastructure investment by 2020.”
President Clinton highlighted United Water’s SOLUTION℠ business model supporting investment in America’s water as one of the creative approaches that will “repair outdated infrastructure, create a cleaner environment, and expand the economy”.
SOLUTION℠ was first implemented late last year when United Water and Kohlberg, Kravis, Roberts (KKR) launched a utility partnership with the City of Bayonne, NJ.
At United Water, we take great pride in having our Solution model recognized by CGI America and President Clinton. Here are some additional responses from Twitter users about President Clinton comments.