Indiana gets $436 million WIFIA loan in largest single disbursement to date

The U.S. Environmental Protection Agency (EPA) has announced a $436 million Water Infrastructure Finance and Innovation Act (WIFIA) loan – the largest initial disbursement under WIFIA to date – to the Indiana Finance Authority (IFA). EPA Administrator Andrew Wheeler announced the loan closing along with Indiana Gov. Eric Holcomb and IFA Chief Operating Officer Jim McGoff at a recent event hosted by the Indiana governor’s office in Indianapolis.

“By using its State Revolving Fund assets to leverage a WIFIA loan, Indiana’s innovative financing approach will allow it to lend nearly $900 million to 23 projects across the state, including 10 in rural communities. These projects will improve water quality and protect the health of millions of Hoosiers while also creating well-paying jobs,” said Wheeler. “With this loan closing, EPA has now issued 13 WIFIA loans totaling over $3.5 billion in credit assistance to help finance over $8 billion for water infrastructure projects and create over 15,000 jobs. Through WIFIA, EPA is playing a leading role in President Trump’s efforts to upgrade our nation’s infrastructure, protect public health, and create jobs.”