(AGENPARL) - Roma, 21 Febbraio 2024(AGENPARL) – mer 21 febbraio 2024 Issued: Feb 20, 2024 (10:35pm EST)
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Biden-Harris Administration announces over $73M for Colorado water
infrastructure upgrades
Unprecedented funding from Bipartisan Infrastructure Law is transforming
communities across the state
DENVER (Feb. 20, 2024) – Today, the U.S. Environmental Protection Agency
(EPA) announced $73,742,000 from President Biden’s Investing in America
agenda for Colorado drinking water and clean water infrastructure
upgrades.
The funding is part of the over $50 billion investment in water infrastructure
upgrades from President Biden’s Bipartisan Infrastructure Law – the
largest such investment in American history. Today’s announcement will
support essential water infrastructure that protects public health and
treasured water bodies across the state. Almost half of this funding will be
available as grants or principal forgiveness loans, ensuring funds reach
underserved communities most in need of investments in water infrastructure.
“Over the past three years, EPA has invested nearly $300 million for new and
upgraded wastewater and drinking water services in Colorado communities
through the Bipartisan Infrastructure Law,” said EPA Regional Administrator
KC Becker. “These projects are building new treatment systems and hard
infrastructure, creating jobs, and securing healthy watersheds and safe
drinking water across the state.”
“Coloradans deserve to know the water they and their children drink is
safe,” said Senator Michael Bennet. “This funding from the Bipartisan
Infrastructure Law is an important investment to deliver reliable drinking
water for more communities in Colorado. I’ll keep pushing for additional
funding to ensure every community receives the resources they need.”
“Access to clean, safe water is a crucial building block to improve public
health and foster thriving communities in Colorado and beyond,” said
Representative Brittany Pettersen. “Especially in our state, we know all
too well how precious and fragile our water resources are—and this
investment will not only help us ensure access to drinking water, but also
install infrastructure upgrades to serve generations to come. Democrats and
the Biden Administration are delivering investments like these to build a
healthier, more resilient Colorado and America.”
“In the pursuit of improving water infrastructure and ensuring access to
clean drinking water for underserved communities, bipartisan actions are more
important than ever,” said Representative Yadira Caraveo. “I am very
happy to see the community I grew up in receiving federal funding from the
Bipartisan Infrastructure Law aimed at updating our local water systems. This
investment will help to ensure public health for years to come and develop the
water infrastructure that Colorado’s 8th District deserves and needs.”
Communities across the country are facing water infrastructure challenges.
Many cities and towns have aging water infrastructure – old, broken or lead
pipes carrying drinking water and wastewater treatment plants in need of major
upgrades. Some communities struggle to maintain adequate stormwater
infrastructure to effectively manage flood impacts from climate change and
others need to upgrade their water treatment to address emerging contaminants
like PFAS.
The funding EPA announced for Colorado is part of a $5.8 billion investment
through the Clean Water and Drinking Water State Revolving Funds (SRF), one of
EPA’s signature water investment programs. This multi-billion-dollar
investment will fund state-run, low-interest loan programs to address key
challenges, with $2.6 billion going to the Clean Water SRF for wastewater and
stormwater infrastructure and $3.2 billion going to the Drinking Water SRF for
drinking water infrastructure nationwide. Today’s announcement includes
allotments for Bipartisan Infrastructure Law General Supplemental funds and
Emerging Contaminant funds for SRF programs for fiscal year 2024. EPA
anticipates announcing allocations for billions of dollars in additional
resources for the Bipartisan Infrastructure Law Lead Service Line Replacement
fund later this Spring.
Bipartisan Infrastructure Law in Action in Colorado
Since 2022, the Bipartisan Infrastructure Law has injected more than $296
million into water infrastructure projects across the state protecting public
health, preserving water resources, and creating jobs. These funds are
provided to state revolving funds managed by the Colorado Department of Public
Health and Environment, which identifies priority projects across the
state.
These investments are unprecedented and transformational. View stories about
how the Bipartisan Infrastructure Law has impacted communities across the
country in the Investing in America’s Water Infrastructure Storymap.
Additional projects are available in the State Revolving Fund Quarterly
Report.
Background
The Drinking Water State Revolving Funds and the Clean Water State Revolving
Funds have been the foundation of water infrastructure investments for more
than 30 years, providing low-cost financing for local projects across America.
SRF programs are critically important programs for investing in the nation’s
water infrastructure. They are designed to generate significant and
sustainable water quality and public health benefits across the country. Their
impact is amplified by the growth inherent in a revolving loan structure –
payment of principal and interest on loans made are available to address
future needs.
For more information, including state-by-state allocation of 2024 funding and
a breakdown of EPA State Revolving Fund funding available through the
Bipartisan Infrastructure Law, please visit the Drinking Water State
Revolving Fund website and the Clean Water State Revolving Fund website.
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