As a new Water Resources Development Act, or WRDA, chugs ahead on Capitol Hill, it's looking more likely that Congress will give the Corps of Engineers a go-ahead to use innovative financing techniques on water infrastructure projects. In addition, on its own, the Corps is in the early stages of investigating how it might add to its financing toolbox. The WRDA that the Senate approved in May and the version the House Transportation and Infrastructure Committee cleared on Sept. 19 both would expand the Corps' ability to use public-private partnerships (P3s). The Senate bill limits the program to 15 projects and allows them to draw on Corps funds, state or local public funds or private dollars.The House committee measure authorizes P3s on "at least 15 projects."
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