Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Who Makes Billions Paving America's Roads?. That video is uploaded by CNBC at 2023-06-25T09:00:13-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [QPAil1xY42I]
| Name | Who Makes Billions Paving America's Roads? |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 25-06-2023 16:00:13 |
| Video Discription | The asphalt and road paving industry has always been hugely dependent on federal money. In fact, about 50% of the funding to the industry comes from the U.S. government. With the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Act, signed into law, $1.2 trillion will be invested. That is a 40% to 50% increase over the previous FAST Act. CRH, as the largest road paver in the U.S., is one of the biggest winners. In 2022, CRH made more than $32 billion; more than $20 billion of that came from its business in America. That number is about to increase substantially in the next few years. But there are some strings attached. More money is going to projects that prove they are better for the environment. The industry has solutions to meet this challenge, such as recycled asphalt pavement and warm mix asphalt. But implementing them in the field poses challenges. Correction 6/26: At 7:58 we misstated 960billion in dividends. The correct is $960 million in dividends. Chapters: 00:00 — Introduction 01:13 – The need for asphalt 04:40 — CRH and Industry 11:18 — Challenges Produced by: Robert Ferris Editor: Jacob Harrell Senior Managing Producer: Tala Hadavi Additional Camera: Natalie Rice, Darren Geeter Graphics: Alex Wood, Christina Locopo, Jason Reginato Additional footage: CRH, Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Who Makes Billions Paving America's Roads? QPAil1xY42I |
| Category | News & Politics |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | news | money | stocks | economy | roads | paving | infrastructure | U.S. infrastructure | asphalt | recycled asphalt | asphalt carbon emissions | bipartisan infrastructure | biden infrastructure | infrastructure investment and jobs act | investing | road paving |
