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Obama, Congress put water on stimulus list
Posted 1/30/09
Obama, Congress put water on stimulus list
From WaterTech Online:
PHILADELPHIA — The benefits of President Obama’s proposed economic stimulus plan, now winding its way through Congress, won’t impact infrastructure-related companies, including those involved in water projects, for at least another six months, a new report by financial analysts says.
Until the second half of 2009 when stimulus effects begin to be felt, business demand will continue to weaken, the January 26 report by the Philadelphia-based investment firm Janney Montgomery Scott says.
While negotiations about the stimulus bill’s details are continuing, the JMS report outlined some key water-related items to be found in different versions of the bill now under consideration by the House and Senate. Those items, and the amounts each house in Congress is proposing to spend so far, include, according to the analysts:
- EPA revolving loan funds for use by states in financing new public drinking water and wastewater projects: House is proposing $8 billion, Senate is proposing $6 billion.
- Rural water projects: House, $1.5 billion; Senate, $1.4 billion.
- US Army Corps of Engineers water resources projects: House, $4.5 billion; Senate, $4.6 billion.
- Water supply projects in western US: House, $500 million; Senate, $1.4 billion. The House bill also includes $400 million for conservation/watershed programs that are not mentioned in the Senate bill.
- Cleanup of US Department of Energy nuclear weapons production sites: House, $500 million; Senate, $6.4 billion. The House also includes $300 million for cleanup of closed military bases and $400 million for habitat restoration projects not mentioned in the Senate version.
- EPA environmental cleanup programs, including Superfund: House, $1.1 billion; Senate, $1.4 billion.
Full news account here.
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