Water Infrastructure: T ime for P3s?
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Transcript of Water Infrastructure: T ime for P3s?
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Water Infrastructure:Time for P3s?
P3 Connect, July 2014Tom Curtis, AWWA
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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
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How Did We Get That Number?
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Growth of US Water Systems
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Pipe Use by Material
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Pipe Service Lives by Material
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The Bottom Line
The needs are very large…
They are coming…
And will keep coming…
As demographic echoes of our past investments
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What About Wastewater?
WW needs are at least as great as drinking water
Many billions of dollars in current and near-term needs
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Other Imperatives
New Standards
Water supplies
Adaptation to climate change
Resilience
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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
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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
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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
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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
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A New Funding Tool
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Questions?