Rep. Torres: “Expand public-private partnerships”
Representative Torres (D-CA) made it clear that private water companies need to play a crucial role in helping address the challenges of California’s drought. In an article penned by Torres for Roll Call, she noted that there has to be a way to pay for water infrastructure needs. California alone, will require $44.5 billion over the next 20 years in water infrastructure needs and $29.9 billion in wastewater infrastructure needs.
The solution? According to Torres, “we should expand public-private partnerships and tap private capital to meet the growing water infrastructure gap, and we should consider removing the prohibition of coupling tax-exempt bonds with low-interest federal loans from the Water Infrastructure Financing Innovation Act.”
Get the full story here.