AWWA hails growing success of WIFIA
The U.S. Environmental Protection Agency announced the Water Infrastructure Finance and Innovation Act program received a record 62 letters of interest requesting $9.1 billion in credit assistance.
The American Water Works Association hailed the growing demand for WIFIA loans as a great sign for U.S. water infrastructure renewal.
This is the second WIFIA selection round, and the program received submittals from 56 borrowers, including nine repeat prospective borrowers from the FY2017 project selection round. The projects are in 26 states and territories.
EPA said 23 of the projects were for drinking water infrastructure, four were for desalination facilities, 27 were for wastewater projects, two for stormwater, two for water recycling and four were combined projects.
The agency announced in April the availability of FY2018 WIFIA funding for water infrastructure projects that could provide as much as $5.5 billion in loans, which could leverage more than $11 billion in water infrastructure projects. The WIFIA office plans to announce selected projects this fall.
To learn more about these letters of interest, visit WIFIA’s website or read the Letter of Interest factsheet.