Funding Availability for EPA Water Infrastructure Loan Program

02 May 2018 11:11 AM | Glenda Johnson (Administrator)

The US Environmental Protection Agency (EPA) on April 4, 2018, announced the availability of funding that could provide as much as $5.5 billion in loans, which could leverage over $11 billion in water infrastructure projects through the Water Infrastructure Finance and Innovation Act (WIFIA) program.  Prospective borrowers seeking WIFIA credit assistance must submit a letter of interest (LOI) by July 6, 2018.  The WIFIA program received $63 million in funding in the 2018 budget bill, signed into law in March 2018. This more than doubles the program’s funding from 2017 where 12 projects were selected from across the country supporting $5 billion in water infrastructure. https://www.epa.gov/sites/production/files/2017-07/documents/fy17-wifia-selectionoverviewfactsheetv2.pdf  Leveraging private capital and other funding sources, these projects will create more than 170,000 jobs.

The program highlights the importance of protecting public health including reducing exposure to lead and other contaminants in drinking water systems and updating the nation’s aging infrastructure. The Notice of Funding Availability can be accessed at: https://www.epa.gov/wifia/how-apply-wifia-assistance-0#notice

Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program is a federal loan and guarantee program that aims to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. WIFIA credit assistance can be used for a wide range of projects, including:

   Drinking water treatment and distribution projects;

   Wastewater conveyance and treatment projects;

   Enhanced energy efficiency projects at drinking water and wastewater facilities;

   Desalination, aquifer recharge, alternative water supply, and water recycling project; and

•   Drought prevention, reduction, or mitigation projects.



 

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