Aging Dams Could Soon Benefit from $7B Federal Loan Program.

Army Corps of Engineering is taking its first step in repairing old dams with a $7 billion loan. Most states don’t have grant or loan programs specifically targeted for repairing dams. “The Association of State Dam Safety Officials estimates it could cost nearly $76 billion to rehabilitate the almost 89,000 dams owned by individuals, companies, community associations, states, local governments and other entities besides the U.S. government.” This program is to provide public safety and reduce risk. More loans could go up to $20 million but generally, it could cover up to 49% of the costs. But that could extend up to 80%

This article is stating the cost to repair dams all over the US. It is important to save the dams so that is may not destroy the environment or other ecosystems around the United States. It may be extremely expensive, but it is also extremely critical. I think it’s an overall good idea to continue to repair the dams because a massive build-up could cause collapsing and we lose all the water and communities are put into danger. It might be a danger of losing power and or danger of flooding.

2 thoughts on “Aging Dams Could Soon Benefit from $7B Federal Loan Program.

  1. This is very interesting. Do you believe that this money would be better spent on a different issue or do you think this is absolutely necessary?

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