EPA awards $59M water infrastructure loan to Coachella Valley Water District
Funding will help finance stormwater channel improvements that will better manage heavy rains to protect communities’ surface waters and public health.
The U.S. Environmental Protection Agency (EPA) announced a $59 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the Coachella Valley Water District to help finance stormwater channel improvements that will better manage heavy rains to protect communities’ surface waters and public health. At the event, EPA also highlighted the newly released WIFIA Annual Report. Both actions support EPA’s 50th anniversary celebration and the agency’s February theme of protecting America’s waters—including water infrastructure investments and surface water protection.
“This new WIFIA loan will help fund important water infrastructure upgrades in the Coachella Valley that will protect the health of local residents and ensure that stormwater is well managed,” said EPA Administrator Andrew Wheeler. “With this loan closing, EPA has now issued 15 WIFIA loans totaling more than $3.5 billion in credit assistance to help finance more than $8 billion for water infrastructure projects while creating more than 15,000 jobs.”
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