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 GRESHAM AND ROCKWOOD WATER PEOPLE'S UTILITY DISTRICT PROJECT NAME Cascade Groundwater Development LOCATION: Gresham, OR INVITED WIFIA LOAN AMOUNT $47 million POPULATION SERVED BY PROJECT: 137,967 PROJECT TYPE Drinking Water PROJECT DESCRIPTION: The Cascade Groundwater Development Project is a joint effort to establish an independent regional water supply system. This project will greatly expand on this existing groundwater infrastructure to establish an independent and resilient water supply to meet current and future demands of residential, commercial, and industrial customers. The purpose of this project is to provide reliable regional water distribution to meet the current and future demands of the 135,000 residents regularly served by the system. In addition, by using existing and new interconnections, this system will provide a regional source of water production, storage, and distribution in the event of an emergency. FY 2020 SELECTION ROUND NUMBER OF PROJECTS SELECTED: 55 TOTAL LOAN AMOUNT $5.1 billion TOTAL WATER INFRASTRUCTURE INVESTMENT SUPPORTED: $12.5 billion NUMBER OF PEOPLE IMPACTED: 25 million in 20 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. WIFIA PROGRAM United States Environmental Protection Agency WEBSITE: www.epa.gov/wifia EMAIL; wifia@EPA.gov ------- |