WIFIA program receives 43 letters of interest from prospective borrowers
Letters of Interest published for water infrastructure projects across the country.
A map shows the letters of interest received for WIFIA funding through EPA. Source: EPA.
WASHINGTON, DC, JUNE 16, 2017 -- In response to its Notice of Funding Availability (NOFA), the WIFIA program received 43 letters of interest from prospective borrowers for water infrastructure projects across the country. In total, prospective borrowers requested $6 billion in WIFIA loans. These letters demonstrate the high need to invest in water infrastructure improvements in communities across the nation and the value that WIFIA financing can offer.
Since WIFIA funding is limited to up to 49 percent of project costs, the letters of interest indicate how the EPA's investment would be combined with other sources, such as State Revolving Fund (SRF) loans, private equity, and municipal bonds, to implement projects costing over $12 billion. Entities are seeking financing for a wide array of water and wastewater projects, including repair, rehabilitation, and replacement of aging treatment plants and pipe systems and construction of new infrastructure for desalination, water recycling, and drought mitigation.
For a list of the submitters of letters of interest, visit the epa webiste here.