Water Infrastructure Funding | Associated General Contractors of America - 0 views
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cferiante on 13 Dec 21DRIVER-FUNDING-INFRASTRUCTURE FUNDING INFRASTRUCTURE: The nationwide need for investment in water and wastewater infrastructure continues to far outpace the amount of funding that is available at all levels of government and the United States has an estimated need between $400 and $600 billion over the next 20 years for safe drinking water and wastewater treatment infrastructure. One of the primary sources of federal funding for drinking water and wastewater infrastructure are the highly successful, but chronically underfunded, Safe Drinking Water and Clean Water State Revolving Loan Fund (SRF) programs. Modernizing and replacing aging water infrastructure may be the single largest public works endeavor in our nation's history. The U.S. Environmental Protection Agency's Clean Water and Drinking Water Infrastructure Gap Analysis found a $540 billion gap between current spending and projected needs for water and wastewater infrastructure (combined) over 20 years. Other public studies conducted by the Government Accountability Office (GAO) and the Congressional Budget Office (CBO), and a private study produced by AGC partner, the Water Infrastructure Network, have similarly estimated the nation?s water infrastructure needs to range between $400 and $600 billion over a 20-year period.