EPA Invites the Columbia Power and Water Systems in Columbia, Tennessee to Apply for a WIFIA Water Infrastructure Loan
Nationally, EPA invites 38 projects to apply for water infrastructure loans to improve water quality for 24 million Americans and create almost 200,000 jobs
COLUMBIA, Tenn. (Oct. 23, 2019) – The U.S. Environmental Protection Agency (EPA) is inviting a total of 38 projects in 18 states to apply for Water Infrastructure Finance and Innovation Act (WIFIA) loans. Together, the selected borrowers will apply for WIFIA loans totaling approximately $6 billion to help finance over $12 billion in water infrastructure investments and create almost 200,000 jobs.
“Through WIFIA, EPA is playing an integral role in President Trump’s efforts to improve and upgrade our nation’s water infrastructure and ensure all Americans have access to clean and safe water,” said EPA Administrator Andrew Wheeler. “This announcement highlights billions of dollars in needed water infrastructure investments to upgrade aging infrastructure, reduce exposure to lead and emerging contaminants and improve the lives of millions of Americans across the country – all while creating almost 200,000 jobs.”
“By improving water infrastructure, we are improving the quality of life and public health in our communities,” said Region 4 Administrator Mary S. Walker. “The WIFIA program funds the infrastructure upgrades necessary to strengthen our wastewater treatment and drinking water distribution systems.”
EPA’s WIFIA loans will allow communities across the country to implement projects to address national water priorities – including providing for clean and safe drinking water by reducing exposure to lead and emerging contaminants, addressing aging water infrastructure and developing water recycling and reuse projects. EPA received 51 letters of interest from both public and private entities in response to the 2019 WIFIA Notice of Funding Availability (NOFA). After a robust, statutorily required review process, the WIFIA Selection Committee chose Columbia Power and Water Systems - Long Term Water Supply Program.
Columbia Power and Water Systems has been invited to apply for a $106 million WIFIA loan to fund its Long Term Water Supply Program. The program includes water supply, treatment and distribution system projects on the Columbia Power and Water Systems system and its two major wholesale customer’s systems, City of Spring Hill and Maury County Water System. The purpose of the program is to all meet the increasing water demands of the customer base while providing drought resiliency for the region.
To learn more about the 38 projects that are invited to apply, visit https://www.epa.gov/wifia/wifia-selected-projects.
Background
Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program is a federal loan and guarantee program administered by EPA. WIFIA's aim is to accelerate investment in the nation's water infrastructure by providing long-term and low-cost supplemental credit assistance for regionally and nationally significant projects. EPA's WIFIA program plays an important part in President Trump's infrastructure plan, which calls for expanding project eligibility. The WIFIA program has an active pipeline of pending applications for projects that will result in billions of dollars in water infrastructure investment and thousands of jobs.
For more information about the WIFIA program, visit: https://www.epa.gov/wifia.