Infrastructure investment by the public sector builds a foundation for your entire economy. We're arguably in catch-up mode now. We've probably gone 25 years in this country of chronic under-investment in infrastructure, and that's one of the many contributing factors to a weak productivity growth. As a foundational piece, whether it's our road system, bridges, or ports, all the way across the economy, it really provides a foundation for stronger productivity growth.
On May 17th, 2016. See this statement in context.