A recent report by WeiserMazars LLP cites two key factors that put the U.S. water industry at risk, aging infrastructure and lack of available capital. According to its 2014 U.S. Water Industry Outlook report, the aging infrastructure and the huge financial needs related to addressing the problem were the number one challenge cited by those surveyed for the report. Other issues were the aging of managerial and plant workers and the complexities of getting rate changes approved. The same top two factors topped the list in their 2012 version of the report, and the industry has not seen improvement in either one since then. Local political support and public financial support were listed as two key elements in addressing these challenges. Privatizations and greater partnership with the private sector were also considered key in addressing the challenges faced by municipalities. Click 2014 U.S. Water Industry Report to read the full report.
Category: BlogsBy Revere Control Systems