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A New Way to Finance Water Infrastructure

March 6, 2012 /

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Local leaders are rallying behind a proposal that could make it easier for municipalities to upgrade their water and wastewater infrastructure by getting loans and guarantees from the feds.

Several members of the House subcommittee that deals with water issues touted the proposal, dubbed the Water Infrastructure Finance and Innovation Act (WIFIA), which would expand the federal role in financing water infrastructure improvements.

The concept is based on the popular TIFIA http://www.fhwa.dot.gov/ipd/tifia/ program, which the federal government uses to help finance large-scale transportation projects.

Posted By Ryan Holeywell

Full Story: http://www.governing.com/blogs/fedwatch/lawmakers-pitch-a-new-way-to-finance-water-infrastructure.html

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