EPA announces $38 million WIFIA loan to upgrade water infrastructure in Englewood, Colorado

Nationally, 88 WIFIA loans finance nearly $33 billion in water infrastructure improvements, creating 100,000 jobs

WASHINGTON – Today, the United States Environmental Protection Agency (EPA) announced a second Water Infrastructure Funding and Innovation Act (WIFIA) loan to the City of Englewood, Colorado for a $38 million to support the city’s clean water initiative, the One Water Modernization Program. With the WIFIA loan from the EPA, Englewood will protect its drinking water system from the effects of extreme weather events and reduce lead exposure while promoting regulatory compliance.

“Drinking water utilities across the country, but most certainly in the West, are facing compounding problems – aging infrastructure, emerging contaminants, climate impacts and severe drought,” said Radhika Fox, deputy administrator of the EPA’s water office. “I am delighted that Englewood is using its second WIFIA loan to build resilience and provide cleaner, safer water, while saving its residents money and creating well-paying jobs. These are the exact types of projects the EPA will fund through the bipartisan Infrastructure Act in communities across the country.

“I commend the City of Englewood for investing in clean water infrastructure to protect residents and save the city money,” said Senator Michael Bennet. “This will help Englewood defray the cost of efforts to protect water infrastructure and reduce community exposure to lead in drinking water.

“Everyone should have access to drinking water” said Rep. Diana DeGette (CO-1). “With this additional funding, we will be able to further protect Englewood’s drinking water system from the threat of extreme weather events and help ensure that all members of our community have access to water. safe and clean they need, when they need it.

“Communities in the Colorado Front Range must prioritize resilience as we continue to grow and climate change causes and intensifies extreme weather,” said EPA Regional Administrator KC Becker. “By taking advantage of the EPA’s WIFIA Loan Program, the City of Englewood is leading the pack, prioritizing access to clean water while creating well-paying jobs.”

Englewood, Colorado is located in a region with limited and rapidly changing water resources. As a result, the city is pursuing a comprehensive water infrastructure modernization plan called the One Water Modernization Program. With this loan, Englewood will upgrade its drinking water treatment and distribution systems to be more resilient to floods, blizzards and other extreme weather events. The city will also replace thousands of lead service lines, improve the taste and odor of drinking water, and increase the water supply by 290 acre-feet of water per year. In addition, homeowners will transition from unmetered flat-rate water service to a metered system to save customers money and promote water conservation.

“The $38 million WIFIA loan from the EPA will be critical to upgrading our water treatment plant, treating lead service lines, and making our water system safer and more resilient,” said Englewood Mayor Othoniel Sierra. “We feel very fortunate to have access to this level of financing with much lower borrowing costs. This allows the City to make these essential improvements while maintaining affordable rates for our customers. »

Englewood will save approximately $15.7 million by financing with a WIFIA loan. It is estimated that construction and operation will create approximately 565 jobs.

More information on the WIFIA program.

Background

Established by the Water Infrastructure Funding and Innovation Act of 2014, the WIFIA program is a federal loan and guarantee program administered by the EPA. The objective of the WIFIA program is to accelerate investments in the country’s water infrastructure by providing additional long-term, low-cost credit assistance for projects of regional and national importance. The WIFIA program will prioritize projects that help achieve the goals of President Biden’s Justice40 initiative, which aims to ensure that federal agencies provide at least 40% of the benefits of certain investments to underserved communities.

The WIFIA program has an active pipeline of pending applications for projects that will result in billions of dollars in water infrastructure investment and thousands of jobs. With the closing of this WIFIA loan, the EPA announced 88 WIFIA loans that provide $15 billion in credit assistance to help finance nearly $33 billion for water infrastructure while creating 100,000 jobs and saving over $5 billion to taxpayers.

More information on the achievements of the WIFIA program until 2021.

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