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. SILICON VALLEY CLEAN WATER PROJECT NAME Wastewater Treatment Plant Reliability Upgrades LOCATION: Redwood City, CA INVITED WIFIA LOAN AMOUNT $70 million POPULATION SERVED BY PROJECT: 225,000 PROJECT TYPE: Wastewater PROJECT DESCRIPTION: The Wastewater Treatment Plant Reliability Upgrades program will improve treatment facilities by upgrading the primary, secondary, tertiary, and solids handling processes and improving energy systems to ensure reliability for decades. The purpose of the project is to ensure reliable and cost-effective wastewater treatment for 225,000 ratepayers through process upgrades that replace aging systems with new, energy-efficient technologies. 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 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 ------- |