The Water Council applauds creation of water finance center

Jan. 21, 2015

MILWAUKEE — The launch of the Water Infrastructure and Resiliency Finance Center is part of the Build America Investment Initiative, a government-wide effort to encourage economic growth and increase public and private infrastructure investment.

MILWAUKEE — The Water Council announced that it supports the launch of the Water Infrastructure and Resiliency Finance Center within the U.S. Environmental Protection Agency (EPA), according to a press release.

The Water Council believes the center will “serve as a vital initiative to draw more public and private capital investment into water infrastructure projects,” and a key first step in addressing the critical U.S. water infrastructure demands with over $600 billion needed in improvements for wastewater and drinking water systems, stated the release.

“The nation is undergoing a catastrophic water crisis that is impacting our nation’s economy and the lives of our citizens,” reported The Water Council in the release. “It is imperative for the federal government to take immediate action to help address this issue by bringing together our local and state governments with the private sector.”

The release continued that Milwaukee has taken proactive steps for many decades to tackle infrastructure issues related to water management, and the result has had a “dramatic impact” on decreasing sewage overflows into Lake Michigan as well as property damage.

Established in 2009 by Milwaukee-based businesses, education and government leaders, The Water Council is a nonprofit organization with more than 160 members, linking global water technology companies, water entrepreneurs and professionals and academic research programs, noted the release.

Read the entire release here.

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