AWWA hails growing success of WIFIA
August 16, 2018

The U.S. Environmental Protection Agency (EPA) today announced that the Water Infrastructure Finance and Innovation Act (WIFIA) program had received a record 62 letters of interest requesting $9.1 billion in credit assistance. 
 
The American Water Works Association (AWWA) hailed the growing demand for WIFIA loans as a great sign for U.S. water infrastructure renewal.
 
“For many years before WIFIA became law, AWWA envisioned the program as a significant step toward addressing the enormous water infrastructure challenge in the United States,” said AWWA CEO David LaFrance. “It’s great to see the hard work of so many AWWA members and our many partners in the water sector paying dividends for our communities.”
 
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 over $11 billion in water infrastructure projects. The WIFIA office plans to announce selected projects this fall.
 
“The fact that one dollar from WIFIA can support nearly 100 dollars in loans makes the program a powerful force in addressing the $1.7 trillion water infrastructure challenge identified in AWWA’s Buried No Longer report,” LaFrance said. “We will continue to advocate for robust funding for WIFIA and for utilities to take advantage of this innovative new financing tool.”
 
To learn more about these letters of interest, visit WIFIA’s website or read the Letter of Interest factsheet
                                                                                                             

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Established in 1881, the American Water Works Association is the largest nonprofit, scientific and educational association dedicated to managing and treating water, the world’s most important resource. With approximately 51,000 members, AWWA provides solutions to improve public health, protect the environment, strengthen the economy and enhance our quality of life.