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Water Utilities Get More Time to Apply for EPA Loans

May 15, 2018, 2:42 PM

Water utilities now have additional time to apply for low-cost loans from the EPA, as the agency is extending the deadline for a new infrastructure financing program by nearly four weeks.

The deadline to apply for loans through the program, which is known as WIFIA, has been pushed back from July 6 to July 31. Scott Pruitt, the administrator of the Environmental Protection Agency, sent a May 14 letter to governors and heads of territories informing them of this move.

The loan program, created by the 2014 Water Infrastructure Finance and Innovation Act, subsidizes loans for large water projects, like drinking water treatment plants, pipe replacements or desalinization. The applications the EPA is currently accepting represent the second round of funding for the program.

The agency recently finalized a more than $130 million loan to a water utility in Seattle for a new facility that will treat stormwater runoff as part of the loan program. In total, the EPA expects to grant more than $2 billion in water infrastructure loans in the inaugural round of financing.

—With assistance from Abby Smith.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergenvironment.com

To contact the editor responsible for this story: Rachael Daigle at rdaigle@bloombergenvironment.com