WIFIA Program Sees Record Interest

The Environmental Protection Agency (EPA) announced the Water Infrastructure Finance and Innovation Act (WIFIA) program received a record 62 letters of interest (LOI) from prospective borrowers across the country. EPA received LOIs from prospective borrowers located in 24 states, the District of Columbia, and Guam, for a wide variety of projects, including wastewater, drinking water, water recycling, desalination, stormwater management, and combined approaches. The letters of interest collectively request over $9 billion in loans.

While the majority of prospective borrowers are municipal government agencies, other prospective borrowers include small communities, public-private partnerships, corporations, and a tribe.EPA is currently evaluating the submitted LOIs for project eligibility, credit worthiness, engineering feasibility, and alignment with WIFIA’s statutory and regulatory criteria. Through this competitive process, EPA selects projects which it intends to finance and invites them to submit a formal application this fall.

You can see the full list of LOIs on the EPA website.