APWA Submits Testimony on Benefits of Federal Infrastructure Loan Programs
Today, APWA submitted a letter
for the record to the Senate Environment and Public Works Committee in advance of a hearing entitled, “The Long-Term Value to U.S. Taxpayers of Low-cost Federal Infrastructure Loans.”
APWA and it’s more than 30,000 members are supportive of low-cost Federal infrastructure loan programs such as the Transportation Infrastructure Finance and Innovation Act (TIFIA), Water Infrastructure Finance and Innovation Act (WIFIA), and the newly introduced Securing Required Funding for Water Infrastructure Now (SRF WIN) programs.
APWA members help maintain the services and infrastructure essential to our nation’s economy and way of life, such as roads, bridges, drinking water and waste water facilities, solid waste removal, and emergency management activities, such as flood control and disaster recovery. At the heart of this maintenance is funding. The American Society of Civil Engineers (ASCE) estimates that the cost of bringing America’s infrastructure to a state of good repair by the year 2025 is $4.6 trillion. Without federal funding to support the investments made by state and local governments and private capital, our aging infrastructure would fall farther behind.
The SRF WIN Act was recently included as part of S. 2800, America’s Water Infrastructure Act of 2018, which was passed unanimously by the Senate Environment and Public Works Committee in May. The bill is expected to see action on the floor of the Senate later this month.
To learn more about these Federal infrastructure loan programs or S. 2800, please contact Sean Garcia in APWA’s Government Affairs office at email@example.com