- The Washington Times - Friday, January 16, 2015

Days before President Obama’s State of the Union address, the White House on Friday rolled out a new clean-water program designed to spur private investment to help rebuild the nation’s infrastructure.

The Environmental Protection Agency’s new Water Finance Center, White House officials said, “will help interested local and state governments to bring private sector investment and expertise into water system construction and management.”

The administration estimates that the U.S. will need at least $600 billion in water infrastructure investment over the next 20 years, and attracting private dollars — in addition to government funding — will be critical, officials said.

Also, the Department of Agriculture will launch the Rural Opportunity Investment Initiative to connect private investors with badly needed rural infrastructure projects.

Vice President Joseph R. Biden will formally roll out the new programs at an event in Washington on Friday.



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