Jul 21, 2014
From the Government Institute
Improving the nation's water infrastructure remains a significant challenge for state and local government agencies. As agencies struggle with how to finance projects, the Water Infrastructure Finance and Innovation Act (WIFIA) loan program should be considered.
State and local government agencies could employ WIFIA to help address project financing. Patterned after a highly successful federal loan program for transportation projects, WIFIA will provide loans to government and non-government entities for up to 49 percent of eligible project costs.
Ed Crooks, managing director in KPMG’s Infrastructure Advisory team and leader of KPMG's Water and Wastewater Public-Private Partnership activities in the United States, wrote the article titled, "Finding the Money for Water Infrastructure." The article, published by Governing, discusses why state and local governments should consider the program to address badly needed water infrastructure improvements.