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. WEIRTON AREA WATER BOARD PROJECT NAME: Water Treatment Plant Improvements Project LOCATION: Weirton, WV INVITED WIFIA LOAN AMOUNT $12 million POPULATION SERVED BY PROJECT: 22,000 PROJECT TYPE: Drinking Water PROJECT DESCRIPTION: The Water Treatment Plant Improvements Project will construct a new grit handling system and additional flocculators and settling basins, expand the existing filter and clearwell building to increase filtration and storage capacity, and add an additional filter backwash decant tank. The purpose of this project is to increase the Weirton Area Water Board's treatment capacity from so that the Board can meet current demand more effectively. FY 2020 SELECTION ROUND 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. TOTAL LOAN AMOUNT $5.1 billion TOTAL WATER INFRASTRUCTURE INVESTMENT SUPPORTED: $12.5 billion NUMBER OF PEOPLE IMPACTED: NUMBER OF PROJECTS SELECTED: 55 United States Environmental Protection Agency WEBSITE: www.epa.gov/wifia EMAIL; wifia@EPA.gov ------- |