Time To Express Interest In Federal Water Infrastructure Loans
By Alison Torbitt, Libby Ford and Scott Singer (April 27, 2018, 12:21 PM EDT) -- While Congress and the Trump administration are still trying to shape a new nationwide infrastructure investment program, Congress opened up the federal purse strings, allowing the U.S. Environmental Protection Agency to actively seek water-related infrastructure projects under the Water Infrastructure Finance and Innovation Act of 2014, or WIFIA. Selected, eligible projects can qualify for WIFIA loans that, similar to loans available pursuant to the Transportation Infrastructure Finance and Innovation Act, or TIFIA, underwrite up to 49 percent of total eligible project costs at AAA Treasury rates with 35-year repayment terms and potentially, a five-year deferral before loan repayments begin. Eligible borrowers, defined to include public entities, private entities with demonstrated public support and tribal governments, are invited to submit a "letter of interest" in the 2018 WIFIA application process by July 6, 2018....
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