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www.phcppros.com/articles/4126-fitch-ratings-retracts-275-billion-estimate-to-replace-nation-s-lead-pipe
Workers dig to replace a lead service line in Flint, Mich.

Fitch Ratings retracts $275 billion estimate to replace nation’s lead pipe

March 9, 2016

Fitch Ratings corrected its cost estimate for replacing the nation's lead service lines, saying the amount would be "a few billion to $50 billion."

On March 4, the financial rating company announced that more than 6 million lead service lines exist across the country, including many in the Northeast, Midwest and older urban areas.

"We believe the capital costs to replace these lines could exceed $275 billion," Fitch said. "The EPA's latest survey estimated the entire sector needs $385 billion in water infrastructure improvements through 2030, and this estimate includes the costs to only partially replace lead pipes."

More details here.

Source: Detroit Free Press