WIFIA PROGRAM The Water Infrastructure Finance and Innovation Act (WIFIA) program accelerates investment in our nation's water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. CITY OF SEATTLE PROJECT NAME Ship Canal Water Quality Project LOCATION: Seattle, WA INVITED WIFIA LOAN AMOUNT $197 million POPULATION SERVED BY THE PROJECT: 175,000 PROJECT TYPE: Wastewater PROJECT DESCRIPTION : The Ship Canal Water Quality Project will build an offline storage tunnel to reduce the number and volume of Combined Sewer Overflows (CSO) that discharge into the Lake Washington Ship Canal from Ballard, Fremont, Wallingford, and north Queen Anne. The project includes a 29-million gallon offline storage tunnel, six diversion structures for diverting influent combined sewage away from existing CSO outfalls to the tunnel, five drop structures to convey combined sewage into the storage tunnel, and odor control systems. The purpose of this project is to partially fulfill the objective of the County's Consent Decree Civil Action. This project will control seven uncontrolled outfalls to prevent more than 60 million gallons of raw sewage and polluted stormwater runoff from overflowing into the waterbody each year. Selected borrowers must apply for a WIFIA loan, pass a final creditworthiness assessment, negotiate a mutually agreeable term sheet, and execute a credit agreement to receive WIFIA financing. An invitation to apply indicates that EPA believes the selected projects will be able to attain WIFIA loans. FY 2018 SELECTION ROUND TOTAL LOAN AMOUNT: $5 billion to public and private entities TOTAL WATER INFRASTRUCTURE INVESTMENT SUPPORTED: Over $10 billion NUMBER OF PEOPLE IMPACTED: 22 million in 16 states and Washington, D.C. NUMBER OF PROJECTS SELECTED: 39 United States Environmental Protection Agency WEBSITE: www.epa.gov/wifia EMAIL: wifia@EPA.gov ------- |