Post Tagged with: "WIFIA"

The WIFIA Bank

The WIFIA Bank

March 29, 2021 at 8:33 am 0 comments

By John Ryan The 2020 Annual Report of the EPA’s WIFIA loan program is a good read, and not just because it’s short and largely graphical. It’s a series of positive snapshots, including impressive aggregate stats, highlights from closed loans and summaries of new features. The overall impression is thatRead More

The Lake County Illinois Public Works Department in Libertyville, Ill., owns and operates two public water supply distribution systems across a large service territory in Northeast Illinois.

EPA invites 55 new projects to apply for WIFIA loans

January 13, 2021 at 11:48 am 0 comments

The U.S. Environmental Protection Agency (EPA) announced that 55 new projects in 20 states are being invited to apply for approximately $5.1 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans. This funding will help finance more than $12 billion in clean water and drinking water infrastructure projects inRead More

NACWA: Clean water funding excluded from final WRDA package

NACWA: Clean water funding excluded from final WRDA package

December 7, 2020 at 8:00 am 0 comments

Friday evening, Congress released its long-awaited conferenced Water Resources and Development Act (WRDA). Over the past several cycles, this bill has become the vehicle of choice for authorizing essential funding for clean and drinking water infrastructure. While both the House and Senate Committee versions of WRDA 2020 included clean waterRead More

Here’s what the water sector wants from Congress and President-elect Biden

Here’s what the water sector wants from Congress and President-elect Biden

November 23, 2020 at 10:44 am 0 comments

In a letter to President-elect Joe Biden last week, the American Water Works Association (AWWA) urged the incoming administration to prioritize COVID-19 relief for water utilities and investment for the overall water infrastructure sector. The letter, authored by association president Melissa Elliott, cites AWWA research that revenue shortfalls at U.S. drinkingRead More

EPA receives 67 new requests for WIFIA financing

EPA receives 67 new requests for WIFIA financing

November 23, 2020 at 10:00 am 0 comments

The U.S. Environmental Protection Agency (EPA) has received 67 letters of interest in response to the agency’s 2020 Water Infrastructure Finance and Innovation Act (WIFIA) Notice of Funding Availability. A total of $9.2 billion was requested this year — the largest amount ever requested through the WIFIA program. “These lettersRead More

Senators propose level EPA funding for 2021, no WIFIA cuts

Senators propose level EPA funding for 2021, no WIFIA cuts

November 16, 2020 at 12:22 pm 0 comments

The U.S. EPA’s water infrastructure financing programs would be in line for approximately level funding next year under a plan for FY21 appropriations released by Senate Republicans last week. The funding proposal is detailed in the Association of Metropolitan Water Agencies’ (AMWA) Nov. 16 Monday Morning Briefing. The Republicans’ proposal would provide EPA with just underRead More

Resetting the Mission for WIFIA

Resetting the Mission for WIFIA

October 19, 2020 at 9:43 am 0 comments

By John Ryan The WIFIA Loan Program recently announced that it has reset the interest rates on two undrawn loan commitments originally made in mid-2018. The fixed rate on a $135 million loan to Orange County Water District and a $614 million loan to San Diego Public Facilities Financing AuthorityRead More

EPA chief announces $225 million WIFIA loan for Hampton Roads Sanitation District

EPA chief announces $225 million WIFIA loan for Hampton Roads Sanitation District

October 19, 2020 at 8:29 am 0 comments

At a recent event in Suffolk, Virginia, U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler announced a $225 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the Hampton Roads Sanitation District (HRSD). This WIFIA loan represents the first loan provided under an agreement that will commit $1.05 billionRead More

WIFIA: Examining Synergies with the Muni Bond Market

WIFIA: Examining Synergies with the Muni Bond Market

September 25, 2020 at 3:37 pm 0 comments

Economic gains are possible when investors with different strengths and preferences are combined in a single financing. It’s happening at the WIFIA loan program. By John Ryan The WIFIA loan program makes long-term loans for qualified projects at the U.S. Treasury’s interest rate. Since debt capital markets start with thisRead More

EPA announces new WIFIA loans totaling more than $415 million

EPA announces new WIFIA loans totaling more than $415 million

September 21, 2020 at 9:36 am 0 comments

The U.S. Environmental Protection Agency (EPA) announced two new Water Infrastructure Finance and Innovation Act (WIFIA) loans at events in Oceanside, Calif. and Salt Lake City, Utah. EPA’s 27th and 28th WIFIA loans will provide more than $415 million to help the local communities finance important water infrastructure projects—supporting anRead More