Do you think Chinese President Xi Jinping’s Silk Road infrastructure program will open up new opportunities?
I think the world is well served by developing initiatives in general. And I think that it encourages global infrastructure and economic growth. It is a positive, not a negative. If the Chinese are helping to make that happen, I think it is a good thing.
Would you like to see more encouragement to foreign companies in China?
Foreign competition is healthy. I hope that countries like China and India make themselves even more attractive. Foreign direct investments won’t happen if it is a one-way street.
Is there any country that you are targeting for future investments?
We have a significant investment in India. We expect it to significantly improve, performance-wise, in the coming several years. Of all the markets we look at, that’s probably one of the best opportunities in the near term. Mexico is also an interesting market, but because it is so close to the United States, we don’t have any immediate plans.
But India has so many problems. Doesn't it bother you?
We have made several investments in India [over] five to seven years. From the prospective of exports and imports, if India does liberalize those areas, it can serve the region. We are hopeful that the new government will seize that opportunity.
What you think of the U.S market?
The U.S. market should be in a strong recovery. But because there is lack of confidence in the vision on infrastructure, we are still somewhat slow to recover. I would say the U.S. is not stagnant, but it is in a small growth situation.
What would you like to see happen in the U.S.?
I want policies for a long-term highway bill. The U.S. has failed the population by not putting together an infrastructure spending bill that is long term in nature and that gives confidence to the industry and public investment, which will solve some of the most challenging infrastructure problems.