As Donald Trump is inaugurated as the 45th President of the United States, the incoming administration has committed to making “clean water a high priority…[and to]…triple funding for state revolving loan fund programs to help states and local governments upgrade critical drinking water and wastewater infrastructure.”
However, according to a new research report from FATHOM, this falls far below the current shortfall in water infrastructure investment, which they calculate to be $19 billion annually.
“To be successful in the absence of external funding, our water utilities will need to be self-sufficient and very innovative when it comes to financing the $17 billion annual shortfall from the Trump-invigorated SRF allocations and WIFIA programs. For the water sector, projects must be designed to be self-financing, generating revenue that can pay both the capital and carrying costs associated with investments of this scale.”
The World Water-Tech Innovation Summit, taking place on February 21-22 in London, will explore how adopting advanced water and wastewater technologies can free up capital for investment into infrastructure. From energy efficiency to resource recovery, re-use and data-driven network management, utilities from around the globe will share best practice, and hear from some of the most innovative technology companies in each field.
With exactly a month to go until the summit, sign up now to find out where municipalities and utilities are planning to spend their dollars and identify new opportunities for partnership and cooperation.
We look forward to seeing you in London!