AECOM Optimistic About Permit Reform Under TrumpAECOM Optimistic About Permit Reform Under Trump

AECOM leaders are confident about the infrastructure sector and the potential for additional permit reforms under the incoming Trump administration. 

In an earnings call Tuesday, CEO Troy Rudd said that most Infrastructure Investment and Jobs Act funding is not at risk and noted that voters continued to demonstrate support for infrastructure funding in the November elections at the state and local levels.

“First and foremost, the election creates certainty. Infrastructure investment is a bipartisan priority, and we do not foresee this changing,” Rudd said on the call. “While specific initiatives and objectives may shift, with 70% of our workforce fungible across market sectors, we are in a great position to capitalize on the investments in the U.S. economy.”

“Prudent deregulation is a positive for our clients and our business,” Rudd said. “This includes permitting reform, which is one of the greatest bottlenecks to infrastructure investments and simplification would increase the volume of project opportunities.”

AECOM also completed the acquisition of EMPSi, a Boulder, Colorado-based environment permitting practice focused on federal land, which is a rapidly growing opportunity under the incoming Trump administration, according to CFO and COO Gaurav Kapoor.

Rudd also cited growth opportunities emerging from the new administration. For example, a reduction in government staffing as promoted by President-elect Donald Trump would increase demand for advisory technical and program management services to support infrastructure investment.

To read the res of the story from our sister publication Construction Dive click here.