Water Infrastructure: T ime for P3s?
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Transcript of Water Infrastructure: T ime for P3s?
Water Infrastructure:Time for P3s?
P3 Connect, July 2014Tom Curtis, AWWA
The State of US Water Infrastructure
ASCE Report CardWater = D+
AWWA Buried No Longer Report$1.7 trillion through 2050
Just for drinking water infrastructure
How Did We Get That Number?
Growth of US Water Systems
Pipe Use by Material
Pipe Service Lives by Material
The Bottom Line
The needs are very large…
They are coming…
And will keep coming…
As demographic echoes of our past investments
What About Wastewater?
WW needs are at least as great as drinking water
Many billions of dollars in current and near-term needs
Other Imperatives
New Standards
Water supplies
Adaptation to climate change
Resilience
How Do We Pay for This?Water is 3x more capital intensive than other urban / suburban utilities
There is very limited direct federal support for municipal water and wastewater projects
Water projects are locally financed through customer water bills
What’s Wrong with the Old Tools?
Nothing – AWWA strongly supports them
But they have significant limitations…
We need to add to the tool box: both SRFs and WIFIA
What’s Wrong with the Old Tools?
Nothing – AWWA strongly supports them
But they have significant limitations…
We need to add to the tool box: both SRFs and WIFIA
WIFIA – A New Financing ToolLoans for larger water and wastewater projects that are too big for the State Revolving Funds
Up to 35 years at Treasury rates
Helpful to utilities – and their customers – at no long-term cost to US taxpayers
A New Funding Tool
Questions?