EPA Announces First WIFIA Annual Report
Yesterday, EPA released its first Water Infrastructure Finance and Innovation Act (WIFIA) program annual report. The WIFIA program has financed more than $3.5 billion in loans, which has saved borrowers $1.2 billion dollars and improved water quality for more than 20 million Americans.
In FY 2019 EPA selected 38 new projects to apply for WIFIA loans. These projects totaled approximately $6 billion to help finance over $12 billion in water infrastructure investments that benefited 18 states and 24 million people. To date the WIFIA program, established in 2014, has helped finance more than $8 billion for water infrastructure improvements, with 57% directly supporting Clean Water Act and Safe Drinking Water Act compliance.
