Underground Infrastructure - February 2023 - 12

FORECAST & MARKET ANALYSIS
26th Annual Municipal Sewer/Water Infrastructure Forecast & Market Analysis
Funding Bonanza Continues in 2023
Robert Carpenter | Editor-in-Chief
To say 2022 was an eventful year for the underground
infrastructure industry would
be an incredible understatement. The billions
in federal monies being pumped - finally
- into the nation's infrastructure was
game-changing for many cities.
But what was even more phenomenal
was specifically that underground infrastructure,
finally, was recognized as vital
to the nation. Thus, many billions were
earmarked for a variety of applications
across the sewer, water, storm water, fiber
and electric industries.
In late 2021, Congress finally passed
a meaningful and desperately needed
Infrastructure Investment & Jobs Act
Construction/Rehab Spending
Sewer
10
11
12
13
2
3
4
5
6
7
8
9
1
2019
2020
2021
Rehabilitation
12 FEBRUARY 2023 | UndergroundInfrastructure.com
2022
2023
2019
2020
2021
New construction
2022
2023
1.46
2.2
4.85
4.7
2.3
1.5
4.95
1.31
4.65
2.12
6.45
5.98
5.61
5.2
5.29
5.03
6.03
Water
2.1
1.61
3.1
3.6
1.71
1.95
3.74
2
1.9
3.81
3.48
4.17
4.42
Storm Sewer
2.2
(IIJA). For the sewer/water markets, $44
billion was designated over a five-year
period beginning in 2022. And while it
was, indeed, a great year for infrastructure
advancements in many ways, we're just
getting started.
This data and much more was the
focus of Underground Infrastructure magazine's
26th Annual Municipal Sewer/
Water Infrastructure Forecast & Market
Analysis. The survey polled U.S. municipalities
about their top concerns and issues,
2023 infrastructure spending plans
and working relationships with consulting
engineers and contractors.
This exclusive annual study also provides
detailed insight into America's cities,
with information and perspectives on
industry topics and technology. It reflects
only information regarding sewer, water
and stormwater piping infrastructure and
does not include figures or data on pumping
and lift stations, treatment plants, etc.
Respondents ranged in size from rural
communities of less than 1,000 to midsized
cities up to 500,000, and a representative
sampling of the nation's largest
municipalities. Survey results came from
all 50 states plus the District of Columbia
and were weighted for regional population
density and city sizes to develop a
nationwide benchmark that would allow
for statistical extrapolation.
While large cities were included in the
survey, special care was taken to include
mid-sized
and
smaller
communities.
Even tiny hamlets responded with their
perspectives giving the survey accurately
weighted results.
Structure
To review,
IIJA provides
funding
through several new programs and also
includes $11.7 billion over five years for
both State Revolving Funds: $2.202 billion
in Fiscal Year (FY) 23, $2.403 billion
in FY24, $2.603 billion in FY25, and
$2.590 in FY26.
The first two years, (FY22 and FY23)
have a reduced state match of 10 percent
but reverts to 20 percent for FY24-26.
The other main concession is that states
are required to spend at least 49 percent
of these funds in the form of grants or
100-percent principal forgiveness - a
Billions
Projected
Projected
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Underground Infrastructure - February 2023

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