Post Tagged with: "WIFIA"

EPA announces $10 million WIFIA loan to Memphis

EPA announces $10 million WIFIA loan to Memphis

April 8, 2024 at 8:20 am 0 comments

The U.S. Environmental Protection Agency (EPA) has announced a $10 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of Memphis, Tennessee. EPA said the loan will support critical stormwater infrastructure updates to improve the city’s resiliency to storms. The City ofRead More

Commentary: Now is the time to amend WIFIA

Commentary: Now is the time to amend WIFIA

October 2, 2023 at 6:05 am 0 comments

By John Ryan Congress certainly looks like an exciting place this fall, with plenty of political fireworks and intense drama over spending. But there’s no doubt legislators and their constituents will also want to see progress on some basic things that are clearly beneficial, aren’tRead More

Revisiting WIFIA Sub-UST Interest Rates for SRFs

Revisiting WIFIA Sub-UST Interest Rates for SRFs

July 31, 2023 at 12:15 pm 0 comments

By John Ryan The WIFIA loan program offers an interest rate derived from current U.S. Treasury (UST) yields at loan closing. Other large-scale federal infrastructure loan programs like TIFIA and CIFIA do the same. The underlying idea is that the loan should cover the government’sRead More

Silicon Valley Bank, Interest Rates & WIFIA

Silicon Valley Bank, Interest Rates & WIFIA

April 6, 2023 at 7:05 am 0 comments

By John Ryan Rapidly rising interest rates were a primary cause of Silicon Valley Bank’s collapse. Its multiple consequences will almost certainly mark the start of an extended period of interest rate volatility. The Federal Reserve is steering a narrow course between taming inflation and inflictingRead More

EPA’s 100th WIFIA loan to invest in Santa Clara County, California

EPA’s 100th WIFIA loan to invest in Santa Clara County, California

March 7, 2023 at 2:00 pm 0 comments

The U.S. Environmental Protection Agency (EPA) recently announced two Water Infrastructure Finance and Innovation Act (WIFIA) loans totaling $115 million to Santa Clara Valley Water District in Santa Clara County, California, to improve resiliency of the system’s water infrastructure. The announcement marks the 99th and 100th loansRead More

Six FCRA Criteria for Federally Involved Projects

Six FCRA Criteria for Federally Involved Projects

February 15, 2023 at 11:34 am 0 comments

By John Ryan Stakeholders of the U.S. EPA WIFIA loan program will recall that the program ran into a serious-sounding issue about correct budgeting a few years ago. The issue arises when a WIFIA loan is made to an infrastructure project that has some degreeRead More

Biden-Harris admin announces $340 million for Philly water projects

Biden-Harris admin announces $340 million for Philly water projects

February 13, 2023 at 9:53 am 0 comments

The U.S. Environmental Protection Agency (EPA) recently announced a $340 million financing commitment to upgrade the City of Philadelphia’s aging drinking water infrastructure, including replacing customers’ lead service lines. The agency says a Water Infrastructure Finance and Innovation Act (WIFIA) low-interest loan will jumpstart theRead More

Adding the Limited Buydown to WIFIA Loans

Adding the Limited Buydown to WIFIA Loans

January 16, 2023 at 7:45 am 0 comments

By John Ryan The EPA’s WIFIA loan program offers several interest rate management features that are highly beneficial for large-scale infrastructure financings, including a U.S. Treasury-based fixed-rate lock for construction and permanent drawdowns, post-execution rate resets until draw, and no-penalty cancellation and prepayment. All areRead More

New Jersey to get $500 million in first SWIFIA loan issued

New Jersey to get $500 million in first SWIFIA loan issued

January 9, 2023 at 8:16 am 0 comments

The U.S. Environmental Protection Agency (EPA) has announced a $500 million loan to the New Jersey Infrastructure Bank to modernize wastewater and drinking water systems serving over 10 million people throughout New Jersey. This is the first loan issued through the State Infrastructure Financing AuthorityRead More

Water sector groups call for expanded Build America, Buy American waivers

Water sector groups call for expanded Build America, Buy American waivers

September 26, 2022 at 10:45 am 0 comments

A group of water sector organizations and technology companies are asking the U.S. Environmental Protections Agency (EPA) to expand Build America, Buy America (BABA) waivers for all EPA-funded water and wastewater infrastructure projects through the end of 2024, AMWA says. The associations and companies areRead More