In late March, the U.S. Congress and President Donald Trump approved a $1.3 trillion federal spending package that more than doubles the funding for the Water Infrastructure Finance and Innovation Act (WIFIA) as well as increasing the Drinking Water State Revolving Fund (DWSRF) loan program. Within the federal omnibus budget bill, WIFIA received $63 million … Read more
U.S. Senators John Hoeven (R-N.D.) and Cory Booker (D-N.J.) introduced legislation in late January to reauthorize the Water Infrastructure Finance and Innovation Act (WIFIA). The bill would help stimulate investment in water infrastructure, such as flood control, stormwater management, and wastewater treatment by supplementing Federal funding with long-term, low-cost loans and loan guarantees. Similar legislation has … Read more
President Donald Trump’s Budget Request for fiscal year 2018 (FY18), includes funding for the Water Infrastructure Finance Innovation Act (WIFIA), Drinking Water State Revolving Fund (DWSRF), and Clean Water State Revolving Fund (CWSRF) programs, within the U.S. Environmental Protection Agency (USEPA) budget. The WIFIA program received $20 million, with $17 million of that amount eligible … Read more
It appears 2017 will be a good year to construct or replace underground infrastructure. Thanks to relatively favorable interest rates, infrastructure projects are more affordable right now. “The interest rates in Federal and State funding programs such as the Drinking Water and Clean Water State Revolving Funds (DWSRF/CWSRF) and USDA Rural Development funding are at … Read more
The U.S. Environmental Protection Agency’s (USEPA) Water Infrastructure Finance and Innovation Act (WIFIA) program received an additional $8 million for credit subsidy in the Consolidated Appropriations Act of 2017. President Donald Trump signed the bill into law on May 5, 2017. The additional funding, combined with the $17 million appropriated for credit subsidy at the … Read more
The U.S. Environmental Protection Agency (USEPA) recently announced it is accepting letters of interest (LOI) for credit assistance for water infrastructure projects under the new Water Infrastructure Finance and Innovation Act (WIFIA) program. The WIFIA program will provide long-term, low-cost credit assistance in the form of direct loans and loan guarantees to creditworthy water projects. … Read more