“Around the world, infrastructure building is booming, while many feel that the lack of spending on America’s aging infrastructure is affecting our ability to compete in the global marketplace,” said Terex chairman Ronald M. DeFeo. “Sponsoring this conference is a good way to bring together experts from a variety of fields, influential current and former office holders, labor leaders, and the broader public on the challenges and opportunities we face today.”

The one-day conference, A Pathway to Prosperity, will be held February 19, 2008 at Iona College.

The Association of Equipment Manufacturers recently backed a report that said that the US needs to invest $225bn minimum over the next 50 years in its transport infrastructure.

Despite bridge collapses, steam pipe explosions, the devastation of Hurricane Katrina, crippling blackouts and the 9/11 attacks, a consensus has yet to emerge on how best to tackle a growing problem that could cripple our economy and threaten the health and safety of all Americans. This conference’s main objective is to help advance public understanding and foster dialogue leading to broad-based and non-partisan support to bring about action on this important issue, the company said.