Tag: billion

For example, its Water & Environmental Programs provides direct and guaranteed loans, grants, technical assistance, and training to build critical infrastructure for populations of 10,000 or less. From 2015 to 2019, USDA provided over $4.5 billion for 2,016 drinking water projects. Some of the nation’s oldest pipes were laid in the 19th century, and pipes… Continue reading $300 Billion War Beneath the Street: Fighting to Replace Americas Water Pipes The New York Times

For a municipality struggling with a dwindling tax base, those savings were huge. JM Eagle declined to comment but has previously said the litigation was based on “scurrilous allegations” by a disgruntled former employee. Formosa Plastics, a Taiwanese industrial conglomerate that was its parent company at the time, agreed to pay $22.5 million in a… Continue reading $300 Billion War Beneath the Street: Fighting to Replace Americas Water Pipes The New York Times

The state cap on private activity bonds for water infrastructure projects to bring an estimated $6 billion to $7 billion annually in new private financing. Although 88% of Americans pay drinking water rates that are lower than the EPA’s standard of affordability, it is estimated that up to 36% of households will not be able… Continue reading $300 Billion War Beneath the Street: Fighting to Replace Americas Water Pipes The New York Times

The additional support increased the program’s lending capacity from $2.5 billion in 2017 to $6 billion in 2019. Access to clean and safe drinking water is critical to public health and economic prosperity and, on average, people use around 82 gallons of water per person, per day in the United States. Nearly half of water… Continue reading $300 Billion War Beneath the Street: Fighting to Replace Americas Water Pipes The New York Times