Fighting For Financing: Infrastructure Bill Hits Senate Floor
The American Water Works Association recently celebrated the unveiling of a Water Infrastructure Finance and Innovation Act (WIFIA) in two pieces of Senate legislation. ¡°The introduction of the Water Infrastructure Finance and Innovation Act marks an important step forward in confronting America¡¯s urgent water infrastructure challenge,¡± said AWWA Executive Director David LaFrance.
¡°WIFIA would provide communities across the US with access to low-cost capital to address their most significant water infrastructure needs, without adding to the long-term federal deficit. It would fill a significant gap between what current water infrastructure tools can do and what needs to be done.¡±