In a new report to Congress, the Environmental Protection Agency estimates that $298.1 billion in capital investment is needed for the nation’s wastewater and stormwater treatment and collection systems over the next 20 years. EPA’s report, released on June 3, is based on 2008 data. The total needs figure is a 17% increase over the agency’s last estimate, which used 2004 data. EPA’s numbers are significant because construction and water industry groups frequently use them to make the case for more funding for clean-water state revolving funds. Of the total capital needs, EPA says $192.2 billion is for publicly owned
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.