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Trump's infrastructure plan would be 'big mover' for business: Martin Marietta CEO

Martin Marietta Materials CEO Howard Nye is optimistic "something" will get done with President-elect Donald Trump's infrastructure plan, and that will certainly be good news for the North Carolina-based company.

About 45 percent of Martin Marietta's business is directly tied to infrastructure.

"It would be a big mover for our business, no question about it," Nye told CNBC's "Power Lunch" on Monday.


A construction worker uses a blowtorch to remove pieces of metal used to lower sections of a bridge into place at the interchange of Interstate 25 and Arapahoe Road in Englewood, Colo.
Seth McConnell | The Denver Post | Getty Images
A construction worker uses a blowtorch to remove pieces of metal used to lower sections of a bridge into place at the interchange of Interstate 25 and Arapahoe Road in Englewood, Colo.

The company, which supplies aggregates products for the construction industry, has already seen its shares jump about 12 percent since Trump's surprising win Nov. 8.

During his victory speech, Trump promised to fix the nation's highways, bridges, tunnels and airports.

"We're going to rebuild our infrastructure, which will become, by the way, second to none, and we will put millions of our people to work as we rebuild it," he said.

Nye believes the spending will likely come through a combination of an infrastructure bill and some form of tax credit in a tax reform plan.

That's because there are two things to think about — financing and funding, he said.

"Financing is going to have to have some form of an immediate return. That's going to work relatively well in high-population areas, where tolling or other mechanisms can pay it back," said Nye.

Meanwhile, funding will be needed for improvements in America's heartland, he added.

— CNBC's John Schoen contributed to this report.