WASHINGTON – The U.S. Environmental Protection Agency (EPA) announced two new loans under the Water Infrastructure Finance and Innovation Act (WIFIA) at events in Oceanside, California, and Salt Lake City, in the ‘Utah. EPA’s 27th and 28th WIFIA Loans will provide more than $ 415 million to help local communities finance major water infrastructure projects – by supporting an innovative water reuse project in Oceanside and improving the water quality and system resilience in Salt Lake City.
“WIFIA plays a vital role in President Trump’s commitment to modernize our country’s infrastructure, improve public health and environmental protection, and create good local jobs,” said the administrator of the country. ‘EPA, Andrew Wheeler. “Over the past three years, including these two new loans, the Trump administration has helped finance more than $ 40 billion in drinking water infrastructure, support 7,100 projects and create 27,000 jobs in this sector. big country.”
WIFIA loan in Oceanside, California
EPA announced a $ 69 million WIFIA loan to help fund the Pure Water Oceanside Project. This innovative water reuse project will purify recycled water to create a new source of high-quality, clean, safe, drought-resistant and sustainable drinking water while benefiting the environment by reducing discharges to the environment. ‘ocean. The project will provide Mission Basin with an additional 4.5 million gallons per day of highly purified water that will improve the overall water quality in the aquifer, relieve over-pumping conditions and reduce discharges to the Pacific Ocean. The project will also reduce the demand for imported water by providing a local supply of city-produced, drought-resistant water. This project will cost $ 158 million, and the EPA’s WIFIA loan will fund almost half of that amount. The remaining project funds will come from a combination of grants, water system revenue-backed bonds, and system funds. The WIFIA loan will save the City of Oceanside approximately $ 24 million compared to typical market financing. Construction and operation of the project are expected to create 622 jobs.
“EPA’s support for this project illustrates two of the agency’s priorities as we work to meet 21st century water demand: reuse the water we have and reorganize our water infrastructure. nation, ”said David Ross, EPA’s deputy administrator for water. “With support from WIFIA, Pure Water Oceanside will be a landmark project as EPA seeks to foster innovative water reuse strategies and infrastructure investments across the country.”
“By improving water infrastructure, we are improving the quality of life and public health in our communities,” said John Busterud, regional administrator for EPA Pacific Southwest. “Through the WIFIA Loan Program, EPA is pleased to support the Pure Water Oceanside Project by ensuring access to clean, safe drinking water for decades to come.”
WIFIA loan in Salt Lake City
The EPA also announced a $ 348.6 million WIFIA loan to the Salt Lake City Department of Utilities. This WIFIA loan will help fund the city’s water harvesting facility nutrient project, which will update the existing water harvesting facility to help comply with the new regulatory requirements of the city. ‘State and increase the resilience of the system to earthquakes and floods. Salt Lake City will rebuild its 55-year-old water harvesting facility while implementing an additional treatment process to meet new regulatory limits for total phosphorus and improve system resilience. The project will allow the city to meet the new state limit on total phosphorus of 1 mg / L as required by January 1, 2025. When completed, the project will reduce nutrient releases to the Great Salt Lake. . In addition, the project will increase the resilience of the system to seismic and flood events. This project will cost $ 711.6 million, and the EPA’s WIFIA loan will fund almost half of that amount. The remaining project funds will come from a combination of tax obligations and system funds. The WIFIA loan will save Salt Lake City approximately $ 102 million compared to market funding. Construction and operation of the project are expected to create 440 jobs.
“Through WIFIA, EPA is playing a vital role in President Trump’s efforts to modernize our country’s infrastructure, improve public health and environmental protection, and create good local jobs,” said Doug Benevento, Associate Assistant Administrator of the EPA. “This loan close marks the 28th WIFIA loan from the EPA and the first WIFIA loan in Utah. Nationally, the WIFIA program has now provided $ 6.1 billion in credit assistance to help finance $ 13 billion for water infrastructure while creating 27,200 jobs. “
“The rebuilding of Salt Lake City’s aging water harvesting facility and EPA’s funding tools are a significant victory for the entire region,” said Greg Sopkin, EPA Mountains and Regional Administrator. Complain. “Together, we are improving the health of the Great Salt Lake environment and ecosystem, improving the resilience of vital community wastewater treatment services, saving money for the city and its taxpayers, and creating jobs.
Learn more at epa.gov.