Hoeven Supports Red River Valley Flood Protection Plans
- Business & Finance
Senator John Hoeven yesterday convened a roundtable with local leaders from the Fargo-Moorhead region on efforts to advance comprehensive flood protection in the Red River Valley.
Hoeven outlined provisions he recently secured to support flood control efforts, including in the Fiscal Year 2019 Energy and Water funding bill, which was passed by the Senate in June, and the America’s Water Infrastructure Act of 2018, also referred to as the Water Resources Development Act (WRDA), which is expected to be considered by the full Senate before Labor Day.
The senator is working to ensure these two pieces of legislation address the following priorities:
- Resolve easements on land purchased with Hazard Mitigation Grant Program (HMGP) funding and allow construction of flood protection;
- Implement the Water Infrastructure Finance and Innovation Act (WIFIA) at the U.S. Army Corps of Engineers to provide low-cost loans and loan guarantees for water infrastructure, helping to reduce project financing costs;
- Ensure fair treatment of public-private partnership (P3) projects and others that use alternative financing methods during the Corps’ cost-benefit analysis, including flood protection in the Fargo-Moorhead region;
- Increase the Corps’ construction account to ensure priorities like flood protection in the Red River Valley continue to receive funding.