National Report Highlights Need to Invest in Water Infrastructure, Says American Water CEO

Jeff Sterba, president and CEO of American Water, cited the newest report from the American Society of Civil Engineers, “Failure to Act: The Economic Impact of Current Investment Trends in Water and Wastewater Treatment Infrastructure,” as evidence that public and private sectors must come together to address water challenges in the U.S.

“‘Failure to Act’ provides substantive support for the need to accelerate investment in water and wastewater infrastructure to ensure the quality of our water for health, safety and the economy, now and for future generations,” said Sterba.

Released Dec. 15, the report estimates that capital investment needs for the nation’s water and wastewater infrastructure will total $126 billion by 2020 and $195 billion by 2040. According to the report, underinvestment can result in water disruptions, impediments to emergency response and damage to other types of infrastructure, as well as water shortages that may result in unsanitary conditions, which increase the likelihood of public health issues.

A report by the Cadmus Group for the U.S. Conference of Mayors also determined that fixing and maintaining water and wastewater systems stimulates the nation’s economy and creates jobs. This report states that for every dollar invested in improving water and wastewater systems, it is estimated that GDP increases by $6.35 in the long term.

Source: American Water