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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