As Water Infrastructure Crumbles, Many Cities Seek Private Help.
Private investment in form of PPP projects can help improve Americas crumbling water supply infrastructure. The need is urgent and the investment required is significant.
Maintaining, operating, replacing and upgrading the nation’s water infrastructure could cost $2.8 trillion to $4.8 trillion through 2028, according to the U.S. Conference of Mayors. The American Water Works Association estimates that replacing and expanding water pipes alone would cost $1 trillion through 2035. And the American Society of Civil Engineers gives U.S. water infrastructure a D grade. Greg DiLoreto, past president of the ASCE, estimates that systems nationwide would need $84 billion in improvements by 2020 to get to a B grade.
Some cities are turning to private industry for help.
“There’s a desire to bring more private capital into the water world,” said Diane VanDe Hei, executive director or the Association of Metropolitan Water Agencies, which represents the largest municipal water utilities in the country. “Money is needed for aging infrastructure, for treatment plants, for pipes. The more money you can make available, the more you can do.”
See the full article from Governing here:
infraccess - smart data for infrastructure