Senate Water Projects Act Opens The Tap For New Contracts

Law360, New York (June 3, 2013, 10:12 PM EDT) -- The Senate's recently passed Water Resources Development Act would allow water infrastructure projects to benefit from favorable government financing and expedited environmental review, which could go a long way toward jump-starting stalled construction efforts and could create potentially lucrative opportunities for contractors, experts say.

The bill, which now heads to the House of Representatives, takes a page from the Transportation Infrastructure Finance and Innovation Act, which has been seen as a model for encouraging public-private partnerships, or P3s. Passed in 1998 and expanded in last year's...
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