Concrete Products

FEB 2017

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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12 • February 2017 www.concreteproducts.com The U.S. Environmental Protection Agency has announced the availability of up to $1 billion under the new Water Infrastructure Finance and Innovation Act (WIFIA) program, aimed at providing credit-worthy water supply and wastewater projects long-term, low-cost assistance through direct loans and loan guarantees. WIFIA brings another financing option for large infrastructure projects, typically $20 million and up, in addition to State Revolv- ing Funds and the bond market. The funding is available to state, local and tribal governments; private entities or partnerships; and, State Revolving Fund programs. EPA estimates that WIFIA-appro- priated funds can be leveraged at a ratio greater than 50 to 1, mean- ing the $17 million program budget could allow agency to make approximately $1 billion in loans and stimulate about $2 billion in total infrastructure investment. "The launch of the Water Infrastructure Finance and Innova- tion Act program marks a huge step forward for modernizing our nation's aging water infrastructure," said outgoing EPA Adminis- trator Gina McCarthy. "WIFIA gives us a new opportunity to pro- vide billions of dollars in low-interest loans to communities to build large infrastructure projects, significantly accelerating investments that benefit our nation's public health and water security for gen- erations to come." WIFIA enables EPA to provide assistance for such projects as drinking water treatment and distribution; wastewater conveyance and treatment; drinking water or wastewater facility energy effi- ciency upgrades; and, alternative water supply or water recycling. The agency will evaluate loan candidates using criteria such as the extent to which a project is nationally or regionally significant; helps maintain or protect public health or the environment; pro- tects against extreme weather; and, serves regions with significant water resource challenges. WIFIA will support new wastewater treatment plant construction as a companion to State Revolving Funds and bond markets. Law seeds up to $1 billion in EPA-guided water, wastewater infrastructure loans PHOTO: VersaFlex Inc. GOVERNMENT AFFAIRS INFRASTRUCTURE

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