Underground Infrastructure - January 2023 - 15

Utility & Communications
will play a big role in fi nancing both rehabilitation
and new construction projects.
Supply chain limitations for pipe and
availability of labor have been the only
limitations that have slowed this segment
of the underground construction market.
FMI Research projects 10- to 12-percent
growth in both the water and wastewater
construction markets in 2023 and 2024.
Th ere are some key areas where federal
funding is particularly att ractive. Any programs
to replace lead pipelines for water
have no match requirements at the state
level. Additionally, industrial wastewater
restrictions are on the rise and there will
likely be increased investment in decarbonization
and decentralized water reuse
technologies over the forecast period.
In states where drought remains a
concern, the Pure Water programs that
are taking full advantage of reuse have
become an increasing percentage of the
capital programs
While infl ation may limit the mileage
of pipeline installed over the coming
year, the volume of infrastructure repair
work that needs to be completed and has
dedicated fi nancing, is near record levels.
Th e impact of climate legislation, while
challenging for the gas markets, will
benefi t the power, communication and
water segments as they spend to increase
the quality of infrastructure and harden
against the potential for climate events.
UCCI performance, updates
Th e Utility & Communications
Construction Index ( " UCCI " ) presented
below shows the performance of the
TABLE 2: UCC Index Companies' Operating Performance & Valuation Metrics
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UndergroundInfrastructure.com | JANUARY 2023 15

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Underground Infrastructure - January 2023

Table of Contents for the Digital Edition of Underground Infrastructure - January 2023