By Jim Hegarty, PE
The University of North Carolina’s Environmental Finance Center recently shared an article highlighting four proposed White House initiatives that could change business as usual in the water infrastructure funding world.
The four concepts introduced in it are:
- $100 billion in incentives for projects that increase revenue streams and support economic development.
- A $50 billion grant program for projects in rural communities (less than 50,000 people) to improve public health and create economic development.
- $20 billion for transformative projects: those innovative projects which boost revenue, use new technology or lower user costs are eligible.
- More money (unspecified) for State Revolving Funds (SRF) and Water Infrastructure Finance and Innovation Act (WIFIA) loan programs. Changes to SRF will allow private-sector loans for projects thatbenefit the public sector.
This is a proposal, not a law (yet), but it gives us a glimpse of what to expect from the Trump Administration. You can see the full 55-page report here.