Over $685 Million USD In Water Infrastructure Loans Announced

Urban Water Projects Supported

13 Feb 2022 by Local Press Report

On Jan 29, the US Environmental Protection Agency (EPA) announced new Water Infrastructure Finance and Innovation Act (WIFIA) loans totaling $688 Million USD to help finance water infrastructure projects in Baltimore, Md.; Milwaukee, Wis.; and the San Francisco Bay area. In the first year of the Biden-Harris administration, EPA closed 29 WIFIA loans that are investing over $5 billion in communities across the country to protect public health and the environment while creating over 36,000 jobs.

EPA Administrator Michael S. Regan said: “Investing in water infrastructure strengthens the health of our communities while creating good paying jobs. This is a fundamental way that EPA is Building a Better America under President Biden’s leadership, and its why we’re so excited to put more than $50 Billion USD to work in water infrastructure through the Bipartisan Infrastructure Law.”

Source: EPA