US stimulus package disappoints for water
- From: Vol 10, Issue 2 (February 2009)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Society of Civil Engineers, American Water Works and International Boundary Water Commission
Less than one per cent of the US economic stimulus will go towards water and wastewater infrastructure. The outcome is unlikely to change the ‘D-’ grade given to the sector by the American Society of Civil Engineers.
US municipal water utilities hoping for an early boost from President Obama’s stimulus package were disappointed this month as just $7 billion worth of water and wastewater funding made it into the $790 billion American Recovery and Reinvestment Act (ARRA).
The amount is scarcely sufficient to offset the impact of falling municipal rate bases and reduced developer contributions on ...
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