The U.S. Environmental Protection Agency Administrator Scott Pruitt has extended the deadline for the Water Infrastructure Finance and Innovation Act (WIFIA). The new deadline is July 31, 2018.
WIFIA was established in 2014 as an EPA federal loan and guarantee program. The program can provide up to 49% of the project financing. As of March 23, the President awarded the program $63 million through the Consolidated Appropriations Act, 2018.
The funding grew on April 4, 2018, when the EPA announced WIFIA may be providing as much as $5.5 billion in loans.
Following the April 4 announcement, the EPA issued it’s first WIFIA loan of $134.5 million to King County, Washington for a new wet weather treatment station.
The EPA estimates that U.S. States, territories, and tribal leaderships, need over $743 billion for water infrastructure improvements in the next 20 years.
Applying for WIFIA:
Phase 1: Project Selection
Phase 2: Project Approval
Phase 3: Negotiation and Closing
Application materials are available on the EPA’s website. The website also includes more detailed information about the application process.
If you are interested in learning more about water projects, join us this August at our conference, “Water, Water Everywhere.”