Water utilities in the United States, particularly smaller ones, have been slow to invest in technology to improve health, safety, and efficiency. Water rates in the United States are lower on average than in peer countries in the European Union and the United Kingdom, despite annual growth of 5% over the last ten years.
The importance of federal investment in water and wastewater infrastructure is widely acknowledged, and efforts to address it are gaining traction. However, even a significant increase in federal funding will not be enough to cover the necessary investment; private capital will also be required. Investor and private-sector interest in traditional and tech-enabled water and wastewater services is growing. If system players are strategic, efficient, and well-coordinated with one another and with the public sector, there is a once-in-a-lifetime opportunity to prepare the system to be resilient, safe, and affordable for future generations.
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