Fluor CEO Says 'Regulatory Morass' Is Impacting Infrastructure

The video discusses the significant cost overruns in infrastructure projects, particularly in the U.S., attributing these to regulatory challenges. It emphasizes the need for effective regulation that ensures safety and community benefits while avoiding unnecessary costs. The discussion highlights the importance of clear decision-making processes and the role of government in addressing these issues. The video suggests that understanding the real needs and uses of infrastructure assets can help prevent overruns.

What are the potential consequences of not addressing the regulatory morass mentioned in the text?

What is the significance of understanding the real needs versus the 'wouldn't it be nice' approach in infrastructure planning?