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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
Leadership

Flint Crisis Could Prompt Over $275 Billion in Water Upgrades

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Katie Reilly
Katie Reilly
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TIME
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TIME
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March 5, 2016, 11:06 AM ET
APTOPIX Flint Water
Flint resident Sarah Truesdail holds her daughter Gabriella Venegas, 5, as she screams out with tears rolling down her face while a health official pricks her finger with a needle for a free lead test on Monday, Feb. 8, 2016 at Carriage Town Ministries in Flint. Molina Healthcare provided children up to six years of age with free lead testing, as well as water filters for families to take home and install. "She take baths in the water, and my daughter takes a lot of baths. Just recently she's been having stomachaches. I took her to the emergency room but they said she was OK. She missed school today. There's something wrong with her," Truesdail said. "We don't drink it. Bathing in it is supposed to be safe. But if it's safe, why do you have to limit the time? And you're breathing the steam when it's hot and the vapors enter your body through the air? We just don't know how it's affecting us. I'm a little worried for the lead test. I'm thinking she doesn't have lead poisoning, but it's just worrying me. Parents need to get their kids lead tested - better safe than sorry."(Jake May/The Flint Journal-MLive.com via AP)Photograph by Jake May — AP
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The Flint, Mich. water crisis could soon lead water suppliers across the country to spend over a quarter-trillion dollars on infrastructure upgrades, a rating agency said on Friday.

Fitch Ratings said it predicts the cost of replacing an estimated six million lead service lines across the country could exceed $275 billion, theDetroit Free Press reported.

Residents dealt with increased levels of lead in their water supply after the city switched its water supply from Lake Huron to the Flint River in mid-2014. The city has since switched its water source, and the U.S. Department of Justice is investigating the crisis.

Fitch predicted the $275 billion investment might come soon if the Environmental Protection Agency enforces stricter regulations because of the crisis. The most recent EPA survey estimated that the water industry will need to spend $385 billion on infrastructure improvements by 2030, the Free Press reported.

In its note, Fitch also cited the many lawsuits that have been filed on behalf of Flint residents.

“In light of these lawsuits and the heightened public focus on possible lead contamination, Fitch expects any proposed rule revisions will likely move the industry toward removing all lead service lines,” the rating agency said. “Reprioritizing and accelerating lead pipe replacement would add significant additional capital needs to the sector and could compete with other critical infrastructure projects, incluflintding developing sufficient long-term water supplies and replacing aging infrastructure components other than lead lines.”

This article originally appeared on Time.com

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