Introduction of Water Infrastructure Finance and Innovation Act receives applause from AWWA
WASHINGTON — The American Water Works Association (AWWA) applauded the introduction of S. 335, the Water Infrastructure Finance and Innovation Act of 2013 (WIFIA) by U.S. Sen. Jeff Merkley (D-Ore.), calling it an important step forward in rebuilding U.S. water and wastewater infrastructure, according to a press release.
“One year ago this week, AWWA published its ‘Buried No Longer’ study that demonstrates that more than $1 trillion will be needed over the next 25 years to replace and expand aging drinking water infrastructure. Wastewater needs are similar,” said AWWA Executive Director David LaFrance. “WIFIA would provide low-interest loans to help local communities build more infrastructure with less money. It represents just the right balance between local responsibility and federal assistance. The time is right for real, workable solutions to the nation’s unprecedented water infrastructure challenge.”
[Related content: AWWA celebrates unveiling of Infrastructure Finance and Innovation Act]
AWWA has testified before Congress multiple times on the need for a WIFIA and through hundreds of face-to-face meetings with U.S. representatives and senators.
In April, AWWA will bring more than 100 water utility managers to Washington D.C. for its Water Matters! Fly-In, where utility leaders will conduct more than 400 meetings with senators and representatives in support of WIFIA.
AWWA believes WIFIA should complement — not replace — existing State Revolving Funds (SRFs), by specifically addressing projects that are too big for most SRFs to fund.
Read the entire press release here.