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Archive for the ‘Private Investment’ Category

New funding now available for water infrastructure projects

Wednesday, August 2nd, 2017
Mayor Kevin Faulconer at the Advanced Water Purification Facility. Photo by Chris Jennewein

Created three years ago and finally funded this year, the Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act (WIFIA) program may soon announce the first round of funding for water infrastructure projects. The agency has $1.5 billion in available funds and it is all designated for water projects.

The EPA announced that 12 of the 43 public entities submitting letters of interest for project funding from the WIFIA program have been approved. These applicants may now move through the program and apply for low-interest loans.

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Global Infrastructure Outlook

Tuesday, August 1st, 2017
Fig. 1. Regional share of global infrastructure investment, 2007-2040

Across the globe, a well-functioning, modern infrastructure is Central to economic development and to quality of life. From the Roads and railways needed to transport people and goods, to the Power plants and communications networks that underpin Economic and household activity, to the basic human need for Clean water and sanitation, infrastructure matters to people And business everywhere.

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Got climate related services or solutions? If so, state and local officials are looking for you!

Tuesday, July 4th, 2017
Alternative Energy

The federal government may not like the Paris Climate Agreement, but state and local elected officials do. This past weekend, Los Angeles Mayor Eric Garcetti hosted a large number of mayors who reiterated their commitment to the partnership agreement. These officials visiting Florida for the U.S. Conference of Mayors represent the Climate Mayors, a bipartisan organization that was organized in 2014. The group now boasts 331 mayors representing 65 million Americans. The membership includes mayors from the 10 largest cities in the U.S., including traditional energy hubs such as Houston and Dallas.

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Electricity Markets, Reliability and the Evolving U.S. Power System

Monday, July 3rd, 2017
Figure 1 Shares of Total U.S. Net Generation by Fuel: 2005 vs. 2016

Fundamental market forces — the addition of highly efficient new gas-fired resources, low natural gas prices, and flat demand for electricity — are primarily responsible for altering the profitability of many older merchant generating assets in the parts of the country with wholesale competitive markets administered by Regional Transmission Organizations (RTOs). As a result, some of these resources (mostly coal- and natural gas-fired generating units, but also many oil-fired power plants and a handful of nuclear power plants) have retired from the system or announced that they will do so at a future date.

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Guest on The Infra Blog: Congresswoman Dina Titus (D-NV 1st District)

Wednesday, June 21st, 2017
Congresswoman Dina Titus on The Infra Blog

“These public-private partnerships that they tout really don’t work. We tried that in downtown Las Vegas to do the new Project Neon, and just couldn’t generate enough revenue from the private sector, so we know that is not the “silver bullet.” I’m opposed to privatizing government services, because then the priority shifts from service to profit, and that never works. If you talk about something like air traffic control, that’s especially egregious because we have the safest system there is; we’re going to now undermine that.”

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FACT SHEET — 2018 BUDGET: INFRASTRUCTURE INITIATIVE

Wednesday, June 7th, 2017

The President has consistently emphasized that the Nation’s infrastructure needs to be rebuilt and modernized to create jobs, maintain America’s economic competitiveness, and connect communities and people to more opportunities. The United States no longer has the best infrastructure in the world. For example, according to the World Economic Forum, the United States’ overall infrastructure places 12th, with countries like Japan, Germany, the Netherlands, and France ranking above us. This underperformance is evident in many areas, from our congested highways, which costs the country $160 billion annually in lost productivity, to our deteriorating water systems, which experience 240,000 water main breaks annually.

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Guest on The Infra Blog: Michael McArdle, Chief Development Officer, VHB

Thursday, June 1st, 2017
Mike McArdle, VHB Corporation, on The Infra Blog

“I commend the Administration for talking about a trillion dollars, but right now they’re only talking about putting $200 billion of public money up and the rest coming from other sources in the private sector. And while there’ve been some successes of that in this country as well as overseas, I don’t think we can afford to wait for a financing program to fully mature before we make significant infrastructure investments. It has to be done now; the federal government has to recognize that they need to spend this money. They can’t continue to hold the dollars hostage going forward.”

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President Trump’s proposed budget speaks volumes about his infrastructure vision

Tuesday, May 30th, 2017

Without doubt, the president’s proposed budget redefines the federal government’s role in infrastructure projects at all levels of government. It outlines “key principles” that Trump wants used to determine projects that will qualify for federal dollars or incentives. It also sends a clear message to elected officials throughout the country that public funding will not be adequate in the future and private-sector investor must be embraced.

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‘No silver bullet … just a lot of silver BBs’

Wednesday, May 24th, 2017

“There is no silver bullet, just a lot of silver BBs.” That’s how U.S. Sen. Benjamin Cardin described the conundrum facing state and local government leaders dealing with funding shortfalls. At a Tuesday congressional hearing on leveraging federal transportation funding, panelists explained that transportation needs can’t be solved by placing all responsibility on state and local governmental entities. There is agreement that transportation officials need funding options just to maintain the current transportation infrastructure, but state and local leaders are arguing for continued investment from the federal government as well.

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Guest on The Infra Blog: Anthony B. Bouchard, PE, North America Unit President, CDM Smith

Monday, May 22nd, 2017

“We’re seeing, over the course of my career, the last 30-plus years, a significant improvement in the public’s understanding of the state of our infrastructure. Does it accelerate that understanding when we have some significant, real and perceived, failures of systems? I think it does. It’s unfortunate that that has to occur to help educate, but when that does happen we’re offered a unique opportunity to expand on the work that’s done…My opinion is continued education and communication on the importance and value of infrastructure is critically important, and we can do that by engaging more people in the infrastructure discussion.”

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