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. STORMWATER MANAGEMENT PROJECT BORROWER: City of Baltimore LOCATION: Baltimore, Maryland WIFIA LOAN AMOUNT; $42.5 million TOTAL WIFIA PROJECT COSTS: $96.2 million POPULATION SERVED BY PROJECT: 620,862 people NUMBER OF JOBS CREATED: 320 jobs PROJECT DESCRIPTION The Stormwater Management Project is a series of eight individual projects that will increase the Baltimore City Department of Public Works' capacity for stormwater treatment. Together, they will improve water quality, help address flooding issues, and modernize existing drainage infrastructure. Through implementing stormwater best practices, the City of Baltimore wi make progress toward its goal to restore 20 percent of the service area's impervious surface area. Consistent with the city's Equitable Action Plan, which ensures fairly apportioned funding across the service area, historically underserved communities will directly benefit from these projects. PROJECT BENEFITS • Addresses historically underprioritized stormwater improvements and increases the system's capacity for stormwater treatment. • Improves water quality by reducing the level of nutrients and suspended solids entering the Chesapeake Bay watershed. • Accelerates funding and saves Baltimore City Department of Public Works an estimated $9.2 million by financing with a WIFIA loan. WIFIA PROGRAM £% United States Environmental Protection kl m % Agency WEBSITE: www.epa.gov/wifia EMAIL: wifia@EPA.gov ------- |