The American Water Works Assn. (AWWA) announced the launch of its new Buried No Longer (BNL) tool.
The BNL online tool offers water and wastewater utilities the opportunity to accurately forecast the cost of their water and wastewater pipe repair and replacement needs. It provides cost estimates and financial deferrals based on inputted data by a utility, and it is broken down by pipe size or material. Twenty-nine graphical outputs are generated to create a profile that is reflective of a community’s unique infrastructure needs.
The tool comes on the heels of last week’s announcement that Congress will appropriate an additional $10 million for the Water Infrastructure Finance and Innovation Act (WIFIA). The additional amount brings WIFIA funding this year to $30 million, which can leverage an estimated $1.5 billion in federal loans.
Both the BNL tool and WIFIA come at a critical time for the water sector. According to AWWA’s Buried No Longer report, repairing and replacing crumbling drinking water infrastructure will cost at least $1 trillion over the next 25 years because of aging water pipes.
“Our Buried No Longer tool and continued work on WIFIA demonstrates AWWA is committed to helping water utilities overcome water infrastructure challenges in their communities,” said Tracy Mehan, AWWA executive director of Government Affairs.
Source: American Water Works Assn.