Senate Committee Approves WIFIAMarch 21, 2013 AWWA hails ‘pivotal moment’ for water infrastructure Denver — A US Senate Committee today passed legislation that would create a Water Infrastructure Finance and Innovation Authority, a development the American Water Works Association hailed as pivotal in confronting America’s trillion-dollar water infrastructure challenge. If enacted into law,
WIFIA would make low-interest federal loans available to address
large water infrastructure projects in communities across the United
States. AWWA, a chief proponent for the creation of WIFIA for
several years, is urging water utilities and businesses across the
water sector to actively support the bill as it heads to the full
Senate. Based on a successful financing tool in the transportation
sector, WIFIA would aid communities with pipe replacement, new or
upgraded treatment plants, wastewater, reuse and desalination
projects, and new water supply projects. The provision is part of
the Water Resources Development Act of 2013, which is expected to
reach the Senate floor by May of 2013. SOURCE: American Water Works Association Copyright © 1996 - 2013, VertMarkets, Inc. All rights reserved. To subscribe or visit go to: http://www.wateronline.com |