Funds for infrastructure

Clean Water Council pushes for water infrastructure investment as part of the latest jobs bill before Congress

The Clean Water Council (CWC) is encouraging inclusion of the Sustainable Water Infrastructure Investment Act (HR 537) in the latest jobs bill under consideration in the U.S. House of Representatives.

Introduced by Rep. Bill Pascrell (D-NJ), the legislation would eliminate the state volume cap on private activity bonds (PABs) for water and wastewater infrastructure projects. That would significantly increase opportunities for private investment in an essential construction market, according to a CWC news release.

PABs provide tax-exempt financing for states and municipalities looking to partner with a private entity to meet a public need. “At a time when unemployment in the construction industry exceeds 24 percent, this bill is sorely needed to get America’s construction industry back to work,” said Bill Hillman, CEO of the National Utility Contractors Association (NUCA), a managing member of the CWC.

“In addition to enhancing public health and protecting the environment, investment in this infrastructure creates high-paying jobs, generates significant economic activity, and expands the local tax base.” A recent CWC study found that every $1 billion invested in water and wastewater infrastructure:

Creates up to 27,000 jobs with average annual earnings of more than $50,000.

Increases national output (demand for goods and services) by $3.46 billion.

Generates more than $1 billion in household income. G]

Generates $82.4 million in state and local tax revenue.

It is estimated that lifting the cap on PABs could generate as much as $5 billion annually in incremental private capital for water and wastewater infrastructure projects at a very low cost to government ($214 million over 10 years.)

“Despite the job creation and economic benefit that come with financing these projects, recent jobs legislation has not included sufficient investment in water infrastructure,” Hillman said. “Including HR 537 in the next jobs bill would provide huge opportunities for investment in these essential projects that put countless Americans to work and generate significant economic activity while refurbishing this essential infrastructure at the same time.”

Chaired by NUCA, the CWC is a coalition of 34 national organizations representing underground construction contractors, design professionals, manufacturers and suppliers, labor representatives, and others committed to ensuring a high quality of life through sound environmental infrastructure.



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