EPA invested $3 billion in WIFIA loans to improve water infrastructure across the nation in 2023
(UI) – On World Water Day (March 22), the U.S. Environmental Protection Agency (EPA) released its 2023 Water Infrastructure Finance and Innovation Act (WIFIA) annual report. The report highlighted $3 billion in water infrastructure investments across the country. These investments in local communities protect public health and the environment, create good-paying jobs, and help support affordable water bills compared to alternative financing options.
Across the nation, WIFIA loans finalized in 2023 are benefiting communities across the country by providing low-interest loans for critical water infrastructure projects. In 2023, EPA closed $3 billion in WIFIA loans supporting water infrastructure in 10 states and strengthening drinking water, wastewater, and stormwater systems that support 16 million people.
Through these loans, communities and water systems are saving approximately $1 billion while project construction and operation are creating nearly 20,000 jobs. In addition to loan closings, the WIFIA program made significant progress building the pipeline of future loans. The WIFIA program selected over 30 water infrastructure projects for future funding.
Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program is a federal loan program administered by EPA. The WIFIA program aims to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental credit assistance for regionally and nationally significant projects.
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