Company Website:
http://www.xyleminc.com
RYE BROOK, N.Y. -- (Business Wire)
As America contends with the growing need to build and maintain our
critical infrastructure and the lack of government funding to do it, the
Bipartisan Policy Center (BPC) is bringing together top executives from
some of the nation’s leading companies to explore ways to bridge that
gap. BPC announced today the establishment of a new Executive Council on
Infrastructure that aims to identify measures to encourage private
investment in infrastructure and promote economic growth.
Xylem Inc. (NYSE:XYL) is joining the Council as a member company. As a
pure-play water company focused on solving the world’s most challenging
water issues, Xylem’s involvement in the Council raises the profile of
the urgent needs for investment in critical water infrastructure across
the country. Infrastructure is a national problem whose solutions must
have a local focus if they are to succeed, which is why this Council
draws on voices from around the country.
"As business leaders, we are accustomed to seeking out innovative ideas
to drive progress. Working together, we will bring a pragmatic approach
to identifying new ways to finance all types of critical
infrastructure," said Patrick Decker, President and CEO, Xylem Inc.
The Council is convening corporate CEOs and other executives
representing a range of industries, including leaders from McGraw Hill
Financial, American Water, FedEx Freight, KPMG, Meridiam, CalSTRS,
American Air Liquide Holdings, and Siebert Brandford Shank. It will be
co-chaired by Douglas Peterson, President and Chief Executive Officer of
McGraw Hill Financial, and Susan Story, President and Chief Executive
Officer of American Water and a BPC Board Member. The Council will hold
several public and private meetings over the next year as it develops
recommendations designed to bring additional private sector investment
into infrastructure. BPC will assist in the Council’s work, culminating
with the release of a white paper in the first half of 2016.
The Council plans to consult with a range of infrastructure
stakeholders, including engineering and construction firms, labor
organizations, manufacturers, suppliers, users, and financing experts.
It will explore measures that aim to improve the transparency,
standardization, and accuracy of project information and assess the
potential for infrastructure to become a tradable asset, like stocks or
bonds. It also hopes to identify current legal and regulatory barriers
to private investment and explore ways to address them.
Members of the Council will kick off their work with a May 7 panel
discussion at the Bipartisan Policy Center in Washington, DC that will
highlight current challenges in infrastructure financing.
About Xylem
Xylem (XYL) is a leading global water technology provider, enabling
customers to transport, treat, test and efficiently use water in public
utility, residential and commercial building services, industrial and
agricultural settings. The company does business in more than 150
countries through a number of market-leading product brands, and its
people bring broad applications expertise with a strong focus on finding
local solutions to the world’s most challenging water and wastewater
problems. Xylem is headquartered in Rye Brook, New York, with 2014
revenues of $3.9 billion and approximately 12,500 employees worldwide.
Xylem was named to the Dow Jones Sustainability Index for the last three
years for advancing sustainable business practices and solutions
worldwide.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all – that which occurs in nature. For more
information please visit us at www.xylem.com.
Contacts:
Xylem
Media:
Kelly McAndrew, +1-914-323-5969
Kelly.McAndrew@xyleminc.com
or
Investors:
Phil
DeSousa, +1-914-323-5930
phil.desousa@xyleminc.com
Source: Xylem
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