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.

FY 2017 SELECTION ROUND

NUMBER OF PROJECTS SELECTED: 12

TOTAL LOAN AMOUNT REQUESTED: $2.3 billion for loans ranging from $22 to $625 million

TOTAL WATER INFRASTRUCTURE INVESTMENT SUPPORTED: $5.1 billion for projects costing from
$45 million to $1.3 billion

ESTIMATED PRIVATE INVESTMENT IN PROJECTS: $1 billion

ESTIMATED STATE REVOLVING FUND INVESTMENT IN PROJECTS: $700 million

NUMBER OF PEOPLE IMPACTED: 20 million in 9 states, including small, medium and large communities

TYPES OF BORROWERS: Private and public entities, including a State Revolving Fund (SRF) program

TYPES OF PROJECTS: Wastewater collection and treatment, drinking water distribution and treatment,
stormwater management, and water recycling projects.

WIFIA APPLICATION PROCESS

PHASE 1: PROJECT SELECTION

•	On January 10, 2017, EPA announced the amount of funding available and solicited letters of interest
from prospective borrowers.

•	In April 2017, EPA received 43 letters of interest in response to this request.

•	EPA reviewed these letters of interest following the framework established in the Water Infrastructure
Finance and Innovation Act of 2014. The assessment includes an eligibility screening, a preliminary
creditworthiness assessment, a preliminary engineering feasibility analysis, and a selection criteria
scoring.

•	On July 19, 2017, EPA announced the 12 projects selected to continue with the application process.
PHASE 2: PROJECT APPROVAL

•	After an invitee applies for WIFIA credit assistance, the WIFIA program conducts a detailed financial and
engineering review in order to develop the terms and conditions for the project.

•	Once a mutually agreeable term sheet is developed, the Administrator approves the loan and executes
the term sheet.

PHASE 3: NEGOTIATION AND CLOSING

•	Based on the term sheet, the WIFIA program finalizes the terms of credit assistance.

•	At closing, the Administrator and the borrower execute the credit agreement, which is the binding legal
document that allows the borrower to receive WIFIA funds.

£\	United States

Environmental Protectio
Agency

WEBSITE: www.epa.gov/wifia
EMAIL: wifia@EPA.gov

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