The Inland Empire Utilities Agency (IEUA) was selected by the U.S. Environmental Protection Agency (EPA) as one of 55 project applicants across 20 states invited to apply for a low-interest Water Infrastructure Finance and Innovation Act (WIFIA) loan.
Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program has accelerated investment in water infrastructure projects by providing long-term, low-cost credit assistance. If approved, the funding received in the amount of $94 million would subsidize the Agency’s Regional Wastewater System Improvements Program, a combination of multiple improvement projects across IEUA facilities that aid in safeguarding public health and improving water quality across the service area.
“The WIFIA loan would provide funding for water infrastructure projects that benefit the entire region by improving water supply and increasing drought resiliency. This funding would support IEUA’s mission to provide essential services in a reliable, cost-effective manner,” said IEUA Board President Jasmin A. Hall. “The EPA has taken significant strides in addressing water quality and supply issues across the nation, and IEUA looks forward to the prospect of yet another successful partnership.”
Most recently, the Agency received a WIFIA loan in the amount of $196 million for the Regional Water Recycling Plant No. 5 (RP-5) Expansion Project. The Project, which is expected to be completed by 2025, will expand RP-5’s liquids treatment capacity and construct a new solids handling facility to support expected service area growth. The RP-5 Expansion Project is under the Agency’s Regional Wastewater System Improvements Program.