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Argument: Rapid growth of water infrastructure requires private investments

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Supporting evidence

  • "Water: To privatize or not to privatize?. The South Asian". February 27, 2004 - "The EPA recently estimated that the USA's 76,000 drinking water systems alone will require $150 billion in investments over the next 20 years. Municipal corporations in poorer countries, who are especially short of funds, are therefore urged by foreign lending institutions to allow private investment. The US federal government has reduced its contributions to local water systems over the past 30 years, while at the same time imposing stricter water quality and effluent standards under the Clean Water Act and Safe Drinking Water Act."
  • Mazin Khalid Sadiq. "Private water and power markets in the Arab World". United Infrastructure Projects. November, 2001 - "There is great interest to capitalize on the new opportunities created by the privatization of the infrastructure industry in the Arab World. Arab governments are under pressure to provide adequate infrastructure to its citizens. According to Al-Sharq Al-Awsat newspaper (September 29, 1999), the chairman of the Trustees of the Arab Center for Urban Development, Sheikh Abdullah Al-Naeem, the share of infrastructure investment amounts to $31 per capita in the Arab World, compared to $1,133 per capita in the industrialized countries. This is creating huge demand that need to be meet in the coming ten years.
Although the improvement in oil revenues in the last few years has injected billions in oil producing countries' capital budgets, but more is needed to meet the demand. Private infrastructure investments are crucial in the effort made by Arab governments to meet this pressing market demand. The Arab private infrastructure market is huge, profitable, and allows stakeholders to secure hefty contracts with limited competition."
  • G. Tracy Mehan, U.S. Environmental Protection Agency (EPA) assistant administrator for water, said, "I think the needs are so great [in the supply of water], especially when you see the demands of homeland security and the federal budget. Private capital is one of several options that are going to have to be considered much more than they have been."[1]

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