Infrastructure Financing

AWWA offers Buried No Longer Tool

BNL Tool

Buried No Longer® is an online economic forecasting tool for pipe repair and replacement. Utilities enter data and the tool provides cost estimates under a base model as well as with financial deferrals built in. The output data can be broken out by pipe size or pipe material categories.

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AWWA cheers boost in WIFIA funding

With a $2 trillion water and wastewater infrastructure challenge facing America, AWWA has applauded Congress for appropriating an additional $10 million for the Water Infrastructure Finance and Innovation Act (WIFIA).

The additional $10 million brings WIFIA funding in 2017 to $30 million, which can leverage an estimated $1.5 billion in federal loans. Because WIFIA can only fund 49 percent of a project’s cost, the loans may actually spur on approximately $3 billion in large water infrastructure projects.

The additional funding was included in the federal omnibus spending bill approved by Congress late last week, which keeps the government funded through Sept. 30. President Trump signed the bill on Friday.

“Our leaders in Congress deserve credit for recognizing the nation’s water infrastructure challenge and WIFIA’s power to tackle it,” said Tracy Mehan, AWWA Executive Director of Government Affairs.

Questions? Please contact AWWA’s legislative director, Tommy Holmes