Ask someone with an understanding of water infrastructure in the United States about prospects for private investment in the sector, and at first their ears perk up because the possibilities seem endless.
I recently spoke with one such person about the market: Michael Likosky, who is joining the cross-border firm 32 Advisors as a principal and will run the firm’s P3 and infrastructure practice. He is an expert in the field and is an adviser to the OECD, the U.N. and federal, state and city governments as well as the private sector.
The deeper you get into a discussion about the U.S. water market, the more it becomes clear the opportunity also comes with challenges that are unique to the sector. In particular, one of the things that makes water different from other infrastructure sectors is its highly fragmented nature — the United States has some 53,000 water systems, or about one for every 4,700 people, something that American Water Corp., which is t