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Serving: United States
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EPA marks 50 years

Agency reflects on investments in drinking water and wastewater infrastructure.

The Environmental Protection Agency is kicking off a month-long look at progress in protecting America’s waters.

“In honor of EPA’s 50th anniversary, it is important to take a moment to reflect on the progress we have made in protecting our nation’s waters to help support our health, our environment and our economy,” said EPA Assistant Administrator for Water Dave Ross. “This week, we are highlighting the agency’s investment in water infrastructure projects that provide current and future generations with a healthier environment and stronger economy.”

Since EPA was established in 1970, the agency has worked with its state, local, tribal, and water sector partners to make notable investments in the nation's drinking water and wastewater infrastructure. For example, since 1988, EPA has contributed $45 billion to Clean Water State Revolving Funds, which have provided more than $138 billion in financial assistance through 41,000 low-cost loans for wastewater and stormwater infrastructure projects. Similarly, since 1997, EPA has contributed $21 billion to Drinking Water State Revolving Funds, which have provided more than $41 billion in financial assistance to over 15,000 drinking water projects across the country.

Recently, EPA has continued delivering infrastructure investment through new programs, such as its Water Infrastructure Finance and Innovation Act loan program. EPA has issued 14 WIFIA loans since 2017, ranging from $21 million to $699 million. Collectively, these loans total 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. Because the WIFIA program offers loans with low interest rates, these 14 WIFIA loans are anticipated to save borrowers up to $1.2 billion compared to typical bond financing.

EPAgraphic showing EPA investment in water quality

EPA has also supported infrastructure financing to meet specific needs across the country. For example, since 2012, EPA and its federal partners have provided more than 61,000 American Indian and Alaska Native homes with access safe drinking water and almost 48,000 homes to access to basic sanitation.

Source: EPA, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
TAGS: Water
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