U.S. Water Systems Capital Spending To Rise 11 Percent By 2027: Report

"NEW YORK - Capital expenditures on U.S. municipal water, wastewater and stormwater infrastructure will rise 11 percent in the next 10 years, in part to cope with poor water quality, environmental mandates and crumbling systems in some areas, according to a report on Tuesday.

Total capital spending in the U.S. municipal water sector is projected to exceed $683 billion by 2027, to $72.2 billion annually from $64.9 billion this year, the report from Bluefield Research, which focuses on the water sector, found.

“The public’s growing concerns about U.S. water infrastructure are real and increasingly reflected in utility planning documents,” Bluefield’s research director Erin Bonney Casey said in a statement."

Hilary Russ reports for Reuters April 3, 2018.