United Rentals to Participate in Congressional Briefing on Water and Wastewater Infrastructure Investment
Greenwich, CT - Jul 20, 2010
United Rentals, Inc. (NYSE:URI) today announced that the company will participate in a congressional briefing in Washington D.C. on July 26, 2010, to underscore the need for increased investment in the nation’s vital but deteriorating water and wastewater infrastructure. The Capitol Hill briefing will focus on the establishment of a Clean Water Trust Fund that would provide a deficit neutral funding mechanism to support water and wastewater projects.
Featured speakers include Paul McDonnell, senior vice president of United Rentals Trench Safety, Power and HVAC operations, along with elected officials, municipal leaders and industry stakeholders. United Rentals will participate in the event with the National Wildlife Federation, the National Association of Clean Water Agencies, the Associated General Contractors of America, and the Water Infrastructure Network.
McDonnell said, “America’s water infrastructure is in serious disrepair. The cost of making essential improvements is forecast to be up to $550 billion over the next 20 years. A Clean Water Trust Fund will help fund a safer, healthier infrastructure without further delay. As the leader in our industry, we feel it is important for United Rentals to support congressional efforts to upgrade our nation’s critical infrastructure.”
A Clean Water Trust Fund would establish a fund for repairing America’s corroded pipes and overburdened sewer systems, thus alleviating some of the burden on local communities. The Fund would be used to protect vital sources of drinking water and improve wastewater infrastructure. It is estimated that investment in such water-related projects would create approximately 27,000 jobs per billion dollars spent.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 554 rental locations in 48 states and 10 Canadian provinces. The company’s approximately 7,400 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent approximately 3,000 classes of equipment with a total original cost of $3.8 billion. United Rentals is a member of the Standard & Poor’s MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Conn. Additional information about United Rentals is available at unitedrentals.com.
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