United Water supports Sustainable Water Infrastructure Act

United Water supports Sustainable Water Infrastructure Act

In support of the Sustainable Water Infrastructure Act—legislation that would stimulate private sector investment in water infrastructure by modifying the tax code—United Water participated in a press event on June 2 alongside bill sponsors Sen. Robert Menendez (D-NJ) and Rep. Bill Pascrell, Jr. (NJ-09), who each emphasized the need for this change. In the background, United Water construction crews worked to replace a broken underground valve leading to a 24-inch main that provides water to Cliffside Park residents. When the crew reached the valve, a ten-foot high jet of water shot out of the ground, creating mayhem as businessmen and members of the press frantically scrambled to avoid being sprayed by the geyser. Ironically, this reaffirmed the need for increased investment in the nation’s water infrastructure. “It seems like every week a pipe bursts somewhere in New Jersey, destroying property and disrupting lives,” Sen. Menendez said. “We’ve under-invested in our infrastructure, certainly we’ve underinvested in water systems, and now we’re paying the price.  These systems are old and badly degraded.  Many of them are waiting to fail, and they need to be fixed.” The bill, which sponsors will propose alongside a highway funding act, would remove caps on issuing private activity bonds (PAB) for water and wastewater projects. It comes at a time when the American Society of Civil Engineers has given America’s water infrastructure a D-rating, as some of it has been in place for almost a century. Passage of the bill would benefit local economies, both by providing jobs and by preventing unplanned infrastructure shutdowns that could disrupt commerce. “Our common sense solution not only invests in...
Video – United Water CEO, Bertrand Camus, shares his experience at CGI

Video – United Water CEO, Bertrand Camus, shares his experience at CGI

As we mentioned earlier, United Water participated in the CGI Annual Meeting in New York City this week and made a Commitment to Action addressing America’s water challenge. Our CEO, Bertrand Camus, made a featured commitment at the event. Below we have shared a short video of Bertrand at CGI, where he shares his experiences of the event and what it means to United Water to have made its...
CGI Commitment: United Water SOLUTION℠ – Investing in America’s Water

CGI Commitment: United Water SOLUTION℠ – Investing in America’s Water

      Today, United Water participated in Clinton Global Initiative (CGI) Annual Meeting held in New York City. During the ‘Working Capital’ plenary session at CGI, which was opened by President Barack Obama, our CEO Bertrand Camus, made a featured commitment. Our commitment United Water’s ‘Solution’ will bring an innovative, cross-sector solution and new private equity investment to address the water challenge that many municipalities face today. As an organization, we are proud to be a part of CGI and would like to share with you the details of our commitment – America’s water challenge, the solutions we offer and how we are going to execute those solutions. America’s water Challenge As you can imagine, maintaining clean and sustainable water supplies is the single most important contributor to public health and is essential to the growth of the economy. The American Society of Civil Engineers gives America’s water infrastructure a “D” grade.  Many of our country’s water and sewer systems were built during the post-World War II era. Decades of underinvestment and ever-increasing demand, has pushed systems to a breaking point. The federal government says it will take over $600 billion over the next two decades to restore the country’s water and sewer systems. Cities throughout America have little or no capacity to respond to this challenge on their own. Their accumulation of debt – compounded by the recent economic crisis – means they either don’t have the money, or in many cases the know-how, to fix the problem themselves. We at United Water believe it’s critical for America to address this water challenge immediately, because our future...