The U.S. Environmental Protection Agency announced that the Water Infrastructure Finance and Innovation Act (WIFIA) Program has an estimated $7.5 billion in available funding, including $6.5 billion for WIFIA and $1 billion for the State Water Infrastructure Financing Innovation Act (SWIFIA), aimed at supporting around $15 billion in water infrastructure projects.

The WIFIA program not only supports public health, environmental benefits, and local economies by creating over 60,000 jobs, but it also offers flexible financing options, including the ability to defer loan repayments for up to five years and customize payment schedules over a 35-year term. Examples of successful WIFIA-funded projects include California's Orange County Water District's Groundwater Replenishment System Expansion, which allowed the district to lower its interest rate, saving them $75 million in financing costs. Another example is Wichita's new Northwest Water Treatment Facility project, which was able to start 7 years earlier than originally planned due to WIFIA funding. These projects and other developments highlight the program's impact on enhancing water reliability and resilience.

Learn more about the WIFIA program and the funding announcement.

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