Not sure if this article from The Australian Investor was posted...

Not sure if this article from The Australian Investor was posted when it was released.

EdenCrete receives A$32.3m backing as US moves to tackle ailing infrastructure

Following consistent and dramatic results from field trials, Eden Energy (ASX: EDE) has completed its first commercial contract for its carbon-based additive, EdenCreteTM and looks to have timed well its foray into the huge and crumbling US infrastructure market.
Last year, the Department of Transport (DOT) called on Congress to pass a long-term transportation bill, saying "the only way to prepare our transportation system for the next generation is to stop this cycle of short-term measures."

Six years of short term measures had created what the briefing note called “a dire state of disrepair” in US infrastructure." A long-term bill was proposed.

“That is in fact what happened on the back of that lobbying.” Eden Energy Executive Chairman, Greg Solomon told The Australian Investor. “That is why our timing just could not be better,”

In December last year, President Barack Obama signed into law the Fixing America’s Surface Transportation (FAST) Act. The five-year, $305 billion Act sets out spending of around $225 billion on highways and $48 billion on transit projects.

The increased focus is more about cost than a culture change according to Mr Solomon.

“It is driven by economics. The need for repair exceeds the cash availability, although there is more funding expected under the Surface Transportation Act.

To read the complete EDE article please click here:

http://www.theaustralianinvestor.com.au/linkt.aspx?id=704


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