WIFIA The Water Infrastructure Finance and Innovation Act (WIFIA) program accelerates investment in our nation's water infrastructure by providing long-term, low-cost supplemental PROGRAM loans for regionally and nationally significant projects. WATER TREATMENT PLANT DESIGN AND CONSTRUCTION PROSPECTIVE BORROWER: City of Oak Ridge LOCATION: Oak Ridge, Tennessee TOTAL PROJECT COSTS: $45 million REQUESTED WIFIA LOAN AMOUNT $22 million POPULATION SERVED BY SYSTEM 29,302 people PROJECT TYPE: Public water system PROJECT DESCRIPTION: The City of Oak Ridge will design and construct a new 16 millions of gallons per day membrane treatment plant to replace the existing 80-year old conventional treatment plant, which is currently at capacity and beyond its useful life. This project will provide sufficient capacity to meet the city's water needs by continuing the production and delivery of safe potable drinking water to its customers. FY 2017 SELECTION ROUND NUMBER OF PROJECTS SELECTED: 12 TOTAL LOAN AMOUNT: $2.3 billion to ¦ ' ¦ ¦ public and private entities h ¦ ¦ TOTAL WATER INFRASTRUCTURE | INVESTMENT SUPPORTED: $5.1 billion NUMBER OF PEOPLE IMPACTED: - ® 20 million in 9 states Selected projects must submit an application for a WIFIA loan, pass a creditworthiness assessment, negotiate a mutually agreeable term sheet, and execute a credit agreement to receive WIFIA funding. An invitation to apply indicates that EPA believes the selected projects will be able to attain WIFIA loans. United States Environmental Protection M % Agency WEBSITE: www.epa.gov/wifia EMAIL: wifia@EPA.gov ------- |