EPA Launches New Program With $1 Billion in Loans Available for Water Infrastructure Projects

WASHINGTON - The U.S. Environmental Protection Agency (EPA) announced the availability of approximately $1 billion in credit assistance for water infrastructure projects under the new Water Infrastructure Finance and Innovation Act (WIFIA) program.

EPA’s WIFIA program will provide long-term, low-cost credit assistance in the form of direct loans and loan guarantees to creditworthy water projects. WIFIA provides another option for financing large infrastructure projects – generally at least $20 million – in addition to the State Revolving Funds and bond market. WIFIA is available to state, local, and tribal governments; private entities; partnerships; and State Revolving Fund programs. EPA estimates that funds appropriated to the WIFIA program can be leveraged at a ratio greater than 50 to one, which means the $17 million program budget could allow EPA to make approximately $1 billion in loans and stimulate about $2 billion in total infrastructure investment.

“The launch of the Water Infrastructure Finance and Innovation Act program marks a huge step forward for modernizing our nation’s aging water infrastructure,” said EPA Administrator Gina McCarthy. “WIFIA gives us a new opportunity to provide billions of dollars in low-interest loans to communities to build large infrastructure projects, significantly accelerating investments that benefit our nation’s public health and water security for generations to come.”

Some of the projects that WIFIA enables EPA to provide assistance for include:

  • 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 projects
  • drought prevention, reduction, or mitigation projects

EPA will evaluate projects using criteria such as the extent to which the project is nationally or regionally significant, helps maintain or protect public health or the environment, protects against extreme weather, and serves regions with significant water resource challenges. EPA will make selections on a competitive basis.

EPA estimates that the U.S. needs about $660 billion in investments for drinking water, wastewater, and stormwater infrastructure over the next 20 years.

For more information, visit www.epa.gov/wifia

WEF Residuals and Biosolids 2017 Announced for Seattle

Exhibitor Exclusive:  Mobile Session Call for Presentations  are now being accepted through January 11, 2017.  For details information, including how to submit please download the Exhibitor Mobile Session Proposal Form

The Technical program is available and there will be a PNCWA sponsored social event! Continue Reading

___________________________

Stay informed. Sign up for email—nonmembers welcome.

Subscribe to receive PNCWA E-Mail, by using this link. You will automatically start receiving email announcements about upcoming events, deadlines and programs! We look forward to your involvement!

Communities Information Digest

This "Communities Digest" contains recent headlines, Funding and Technical Assistance opportunities with upcoming deadlines, and near term events and training.  The digest was created by EPA Region 7, however, given that the content is relevant for communities in other parts of the country, EPA is making it available nationally. 

Communities Digest - December 27, 2016 (PDF)(10 pp, 587 K)

___________________________

PNCWA Water Blog. Timely issues about water quality.

Basia Irland, excerpt from the National Geographic's Water Currents blog.