EPA Accepting Projects Under New WIFIA Program
The U.S. Environmental Protection Agency (EPA) is now requesting Letters of Interest for water infrastructure projects from state, local, and tribal governments; private entities; partnerships; and State Revolving Fund programs across the country for consideration under the new Water Infrastructure Finance and Innovation Act (WIFIA) program. Eligible projects include traditional water and wastewater projects as well as resiliency projects including desalination, aquifer recharge, water recycling and drought mitigation projects.
This program will provide approximately $1 billion in credit assistance to qualifying projects. WIFIA provides another option for financing large infrastructure projects – generally at least $20 million – in addition to the State Revolving Funds and bond market. Often, multiple sources of financing can be utilized in concert. Letters of interest will be accepted from January 10 until midnight on April 10, 2017.
To better understand the program and submission process, WIFIA will host two webinars for prospective borrowers. To access the webinars, register in advance for one of the two dates: Thursday, February 9 at 2:00-3:30 pm ET or Tuesday, March 7, 2016 at 1:00-2:30 pm ET. Following the webinars, a copy of the presentation and a recording of the webinar will be posted on the WIFIA website.
Freese and Nichols is familiar with multiple water infrastructure funding sources and can help you navigate the funding process. For more information, contact your FNI project manager or Funding Specialist, Jennifer Wasinger.