EPA Launches New $1 Billion Water Infrastructure Projects Loan Program
The U.S. Environmental Protection Agency (EPA) has announced the availability of approximately $1 billion in credit assistance for water infrastructure projects through the Water Infrastructure Finance and Innovation Act (WIFIA) program. The WIFIA program will provide long-term, low-cost credit assistance in direct loans and loan guarantees to credit worthy water infrastructure projects. The WIFIA program provides another option for financing large infrastructure projects, generally at $20 million minimum, in addition to State Revolving Funds (SRF) and the bond market. WIFIA is available to state, local, and tribal governments, private entities, partnerships, and SRF programs.
The EPA estimates that funding from the WIFIA program can leverage a ratio greater than 50 to one, meaning that the $17 million program budget could allow EPA to make about $1 billion in loans and stimulate about $2 billion in total infrastructure investment.
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
The EPA will evaluate projects using criteria such as the extent 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.
Additional information about WIFIA
How to Apply for WIFIA Assistance
APWA Technical Committee-Water Resources Management
APWA Water and Sewers Resources