Investorideas.com newswire, commentary for water sector

Tuesday, February 17, 2009

Stimulus legislation small step forward in addressing water needs

Stimulus legislation small step forward in addressing water needs

AWWA: For water infrastructure, the glass is half full

For Immediate Release: February 17, 2009

(DENVER, CO) – President Barack Obama today signed into law an economic stimulus bill thatprovides $2 billion for drinking water projects and $4 billion for wastewater projects. American WaterWorks Association (AWWA) Executive Director Gary Zimmerman issued the following statement.

“For communities seeking to repair or replace critical water infrastructure, today’s signing representsand important step forward in addressing a growing national challenge. The more than $6 billioncommitted for water and wastewater needs will push forward projects critical to our nation’s publichealth protection, fire protection, economic strength and our overall quality of life.

“While the funds committed represent only a tiny fraction of the need, AWWA is optimistic that theinvestment in water will jump-start many critical projects and create hundreds of thousands of new jobs.From this perspective, the glass is certainly half full.

“We applaud Congress’s decision to waive requirements that states provide matching funds, whichwould be difficult in today’s economic climate and will speed distribution of funds. It also makes goodsense to give priority to projects that can begin construction within a year, giving utilities necessary timeto complete construction plans or obtain environmental permits.

“These funds will be distributed through State Revolving Loan Fund programs with at least half beingissued as grants, negative-interest loans or similar no-cost financing tools. AWWA will actively assist itsmembers in understanding how to apply for and secure these funds, including offering a free webcastat 1 p.m. EDT Feb. 26.

“One of the hopeful upshots of a recession is that we are all forced to pay attention to things that mattermost in our daily lives. The renewed focus on water infrastructure has helped bring the conversationabout our buried water pipes above ground. Hopefully, this increased public awareness of the need toreinvest in water infrastructure will make us all better stewards of our water resources and systems.”For more information on AWWA’s efforts associated with economic recovery legislation, visitawwa.org/jobcreation.

AWWA is the authoritative resource for knowledge, information, and advocacy to improve the qualityand supply of water in North America and beyond. AWWA is the largest organization of waterprofessionals in the world. AWWA advances public health, safety and welfare by uniting the efforts ofthe full spectrum of the entire water community. Through our collective strength we become betterstewards of water for the greatest good of the people and the environment.

Contact: Greg Kailgkail@awwa.org



Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Post a Comment

Water Stocks News at Investorideas.com