American Water CEO Susan Story Co-Presents Recommendations on New American Model for Investing in Infrastructure
May 16 2016 - 9:31AM
Business Wire
Bipartisan Policy Center’s Executive Council on
Infrastructure Lays Out Vision for Increasing Public-Private
Partnerships and Private Capital
To help address the $2 trillion in infrastructure needs
currently facing our country, a group of leading CEOs and former
elected officials today are releasing a report calling for a major
culture change in how the United States funds infrastructure
projects. The report, Bridging the Gap Together: A New Model to
Modernize U.S. Infrastructure, authored by the Bipartisan Policy
Center’s (BPC) Executive Council on Infrastructure, lays out a
vision for increasing public-private partnerships and private
capital in projects like water and wastewater systems, energy
grids, ports, roads and bridges, and provides a roadmap to
overcoming the barriers that discourage private investment.
The public event to launch the Council’s report will be held on
Monday, May 16, 2016 from 1:00 p.m. – 2:30 p.m. The co-chairs of
the BPC’s Executive Council on Infrastructure, Susan Story,
President and CEO, American Water, and Doug Peterson, President and
CEO, S&P Global will present the council’s recommendations,
followed by a panel discussion among council and Advisory Group
members in attendance. The panel will be moderated by Congressman
Steve Bartlett and, in addition to Story and Peterson, includes
Henry Cisneros, former HUD Secretary and Mayor of San Antonio, Jane
Garvey, Chairman North America, Meridiam, and Antonio Villaraigosa,
former Mayor of Los Angeles. Closing remarks will be delivered by
Eric Cantor, Vice Chairman and Managing Director, Moelis & Co.
and Former House Majority Leader.
“The success of this effort is particularly important to
American Water as we know that safe, clean, reliable and affordable
water services are the foundation for every community,” said Story.
“We hope this report will result in a new way to invest in
infrastructure, one in which the public and private sectors work
together to make a transformative impact on our nation’s
infrastructure, create millions of jobs, maintain the health,
safety, and security of our communities, and put our nation on
track for decades of greater prosperity.”
According to the American Society of Civil Engineers, failure to
make necessary investments in infrastructure may lead to $206
billion in increased costs for businesses and households between
2011 and 2020. And while state laws enabling public-private
partnerships are an essential building block to expanding private
investment in infrastructure, very few comprehensively allow a full
range of partnerships.
“The core principles and actions proposed in the council’s
report, coupled with new funding sources and financial tools, will
lead to more modern, higher-quality, and more resilient
infrastructure networks,” Story added.
To advance this effort, BPC Executive Council leaders and staff
commit to the following actions:
- Applying a new model for investing in
infrastructure to the national challenges in water and wastewater
infrastructure;
- Supporting state and local officials in
passing P3 legislation;
- Providing guidelines for developing and
evaluating state and local asset inventories; and
- Aiding in the development of a central
clearinghouse for information and technical assistance on P3s.
The report is being released as part of Infrastructure Week, a
national week of events, education and advocacy efforts to elevate
infrastructure as a critical issue impacting all Americans.
Founded in 1886, American Water (NYSE: AWK) is the largest
publicly traded U.S. water and wastewater utility company. Marking
its 130th anniversary this year, the company employs more than
6,700 dedicated professionals who provide regulated and
market-based drinking water, wastewater and other related services
to an estimated 15 million people in 47 states and Ontario, Canada.
More information can be found at www.amwater.com.
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American WaterMedia Contact:Denise Venuti FreeExternal
Communications
Manager856-309-4690denise.free@amwater.com
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