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Trade Groups Publish Details of Expected Water and Wastewater Revenue and Funding Shortfalls

Wednesday, September 23, 2020   (0 Comments)
Posted by: Pat Brennan
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Trade Groups Publish Details of Expected Water and Wastewater Revenue and Funding Shortfalls Following COVID-19 Pandemic: Four infrastructure trade groups have published details chronicling expected water and wastewater revenue and funding shortfalls. The Association of Metropolitan Water Agencies and the American Water Works Association found that US drinking water utilities are likely to experience a direct topline hit of $14 billion as a result of COVID-19, which equates to an industry decline of approximately 22% based on the sector’s estimated $65 billion in total annualized revenue. The National Association of Clean Water Agencies issued a report estimating that wastewater utilities will experience a $17 billion decline in revenue as a result of the COVID-19 recession. The American Society of Civil Engineers published a report on August 26 updating its analysis of the US water infrastructure funding gap (shortfall of spending needs vs. revenue), finding that declining revenue due to the COVID-19 recession is widening the already sizable funding gap, which stood at $81 billion in 2019 (capex of $48 billion vs. “investment needs” of $129 billion).

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