By Aqua President and CEO Chris Franklin
Over the past few weeks, I had the pleasure of talking with some national news outlets as well as congressional subcommittee members about the state of water infrastructure in America and Aqua’s commitment to investing in our aging water systems.
As you can see in my CNBC’s Squawk Box segment, the American Society of Civil Engineers recently released its 2017 Infrastructure Report Card, giving U.S. water infrastructure a “D” grade and wastewater infrastructure a “D+.” The reality is that our country has more than 1 million miles of water pipe, much of which was laid in the early 20th century and in critical need of replacement.
While this is a major challenge facing our country, Aqua is working to be a part of the solution. We are committed to renewing and improving water and wastewater infrastructure through thoughtful and continuous capital investment. It’s why Aqua will invest more than $450 million in water and wastewater infrastructure in 2017 alone, after having invested $1.5 billion in capital improvements over the past five years.
I also spoke with national infrastructure reporters about the importance of letting private capital go to work to assist municipalities struggling with aging water systems, instead of providing federal financing for infrastructure projects. Aqua has a proven record of purchasing both municipal and private water systems, injecting needed capital into the systems and developing the infrastructure required for clean drinking water and wastewater. You can read more about that in my interview with Hilary Russ of Reuters.
As then president-elect of the National Association of Water Companies, I also had the opportunity last month to provide testimony to the U.S. House of Representatives' Transportation and Infrastructure Committee’s Subcommittee on Water Resources and the Environment. I underscored with our elected officials that companies like Aqua and our fellow NAWC member organizations are well-positioned to help cities and towns address long-neglected water and wastewater infrastructure maintenance. It’s my firm belief that we will continue to be part of the solution.
I’m proud that Aqua is playing a leading role in providing solutions for struggling water and wastewater systems. In speaking out on these issues, I hope to continue to raise awareness on the importance of water and wastewater infrastructure in our country and of Aqua’s role as a leader in protecting and providing Earth’s most valuable resource.