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. SACO RIVER WATER TREATMENT FACILITY PROSPECTIVE BORROWER: Maine Water Company LOCATION: Biddeford, Maine TOTAL PROJECT COSTS: $50 million REQUESTED WIFIA LOAN AMOUNT $24.5 million POPULATION SERVED BY SYSTEM 50,000 people PROJECT TYPE: Public water system PROJECT DESCRIPTION: The privately held Maine Water Company will construct a new 20 millions of gallons per day water treatment facility to replace the existing facility built in 1884. This project will provide public water service to the coastal municipalities in York County, Maine; improve system processes, redundancy, resiliency, and sustainability; and allow for expansion to serve neighboring water systems in southern Maine, consistent with Southern Maine Regional Water Council master plan. FY 2017 SELECTION ROUND NUMBER OF PROJECTS SELECTED: 12 TOTAL LOAN AMOUNT: $2.3 billion to public and private entities 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 Protectio M % Agency WEBSITE: www.epa.gov/wifia EMAIL: wifia@EPA.gov ------- |