The U.S. Environmental Protection Agency (EPA) is making EPA making $6.5 billion in funding available for water infrastructure projects. This round of funding from the EPA’s Water Finance and Innovation Act program will provide up to $5.5 billion to support $11 billion in water infrastructure projects and prioritizes five areas:
- Supporting economically stressed communities.
- Protecting water infrastructure against the impacts of climate change.
- Reducing exposure to lead and addressing emerging contaminants.
- Updating aging infrastructure.
- Implementing new or innovative approaches including cybersecurity and green infrastructure.
The EPA is also announcing funding under SWIFIA. This program, which was authorized by Congress as part of the America’s Water Infrastructure Act (AWIA) of 2018, offers low-interest loans to state water infrastructure programs that then help finance needed water infrastructure projects in local communities. This round of funding will provide SWIFIA borrowers up to $1 billion to support $2 billion in water infrastructure projects.
Details are available in this news release.