(AGENPARL) – mer 27 settembre 2023 Issued: Sep 27, 2023 (1:19pm EDT)
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Biden-Harris Administration Announces $13 Million WIFIA Loan for Water Supply
Resiliency and Dam Stabilization in California
WASHINGTON (September 27, 2023) – Today, the U.S. Environmental Protection
Agency (EPA) announced a Water Infrastructure Finance and Innovation Act
(WIFIA) loan totaling $13 million to the United Water Conservation District in
Oxnard, California. This funding will support the planning and design to
modernize the district’s largest surface water source, the Santa Felicia
Dam, and expand the local drinking water supply by 20%. Since its creation,
EPA’s WIFIA program has announced $19 billion in financing to support over
110 projects that are strengthening drinking water, wastewater, and stormwater
infrastructure while creating over 60,000 jobs.
“EPA’s WIFIA program provides long-term, low-cost loans that help
communities like Ventura County, California save money and protect local water
resources,” said EPA Administrator Michael S. Regan. “With historic
funding through the Bipartisan Infrastructure Law and programs like WIFIA, the
Biden-Harris Administration is investing in modernizing America’s water
infrastructure, so every community has clean, safe and reliable access to
water.”
The Santa Felicia Dam is categorized as an extremely high hazard due to risks
associated with seismic events, and United Water Conservation District reduced
its reservoir capacity by 20% to comply with seismic reservoir restrictions.
This WIFIA loan supports the planning and design costs for the dam’s
modernization, which will enhance its resiliency to seismic events, improve
stormwater management, expand drinking water supply, and protect public
safety. The project will be constructed under a future WIFIA loan and will
include a new outlet works system, expansion of a dam spillway, and a new
outlet channel.
“Securing this low-interest WIFIA loan for the first phase of the Santa
Felicia Dam Safety Improvement Project allows the United Water Conservation
District (UWCD) to begin the initial design and construction work that is
required to meet the new safety standards established by the Federal Energy
Regulatory Commission (FERC) and California’s Division of Safety of Dams,”
said UWCD General Manager Mauricio Guardado. “The WIFIA loan reduces the
financial burden on our rate payers while enhancing our ability to store more
stormwater for groundwater recharge, provide more water resources for our
growers and municipalities, protect the nearly 400,000 people, businesses and
food growers below the Santa Felicia Dam and continues to support our
sustainable water management practices.”
This initial WIFIA loan accelerates the project’s planning and design while
establishing a long-term commitment under a $100 million WIFIA master
agreement to finance future construction. The district will save approximately
$5 million by financing with a WIFIA loan. Investing in the region’s
infrastructure will create approximately 100 jobs.
Learn more about EPA’s WIFIA Program and water infrastructure investments
under the Bipartisan Infrastructure Law.
Background 
Established by the Water Infrastructure Finance and Innovation Act of 2014,
the WIFIA program is a federal loan program administered by EPA. The WIFIA
program’s aim is to accelerate investment in the nation’s water
infrastructure by providing long-term, low-cost supplemental credit assistance
for regionally and nationally significant projects. The WIFIA program has an
active pipeline of pending applications for projects that will result in
billions of dollars in water infrastructure investment and thousands of jobs.
EPA recently made the 7th round of WIFIA financing available and is currently
accepting letters of interest for WIFIA and SWIFIA loans. $6.5 billion is
available through WIFIA, and $1 billion is available through SWIFIA, which is
a loan program exclusively for State infrastructure financing authority
borrowers. EPA is currently accepting letters of interest for WIFIA and SWIFIA
loans. Learn more about submitting a letter of interest for a WIFIA loan.
In addition to WIFIA loans, there are many federal funding resources available
for communities and utilities to improve vital water and wastewater resources.
President Biden’s Bipartisan Infrastructure Law is a once-in-a-generation
investment in our nation’s infrastructure and competitiveness. The
Bipartisan Infrastructure Law provides a historic $50 billion investment in
upgrading critical water, wastewater, and stormwater infrastructure.
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