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. CITY OF ESCONDIDO PROJECT NAME: Lake Wohlford Dam Replacement Project LOCATION: Escondido, CA INVITED WIFIA LOAN AMOUNT $42 million POPULATION SERVED BY PROJECT: 137,941 PROJECT TYPE: Drinking Water PROJECT DESCRIPTION: The Lake Wohlford Dam Replacement Project will construct a replacement dam, integral spillway, a new outlet tower, and partially deconstruct the existing dam. The purpose of the project is to restore the reservoir to its former capacity which will mitigate the effects of drought, reduce reliance on imported water, improve raw water quality, and address safety hazards. 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. FY 2020 SELECTION ROUND TOTAL WATER INFRASTRUCTURE INVESTMENT SUPPORTED: $12.5 billion TOTAL LOAN AMOUNT $5.1 billion NUMBER OF PROJECTS SELECTED: 55 United States Environmental Protection Agency WEBSITE: www.epa.gov/wifia EMAIL; wifia@EPA.gov ------- |