President Joe Biden’s infrastructure advisory council is recommending privatization and long-term leases of water systems to help manage what the council warned is a looming crisis facing the nation’s aging water infrastructure. The recommendations come in a 39-page report released Monday from the National Infrastructure Advisory Council, comprised of 30 state, local and private sector leaders who advise the president on risks to the nation’s critical infrastructure. The council voted unanimously Monday to approve the report. Among its recommendations, the NIAC called for the creation of a federal water department or an equivalent cabinet-level agency to oversee a national strategy to shore up the nation’s aging water infrastructure.
Source: The Bond Buyer
