(AGENPARL) - Roma, 10 Ottobre 2023 - (AGENPARL) – mar 10 ottobre 2023 Issued: Oct 10, 2023 (3:15pm EDT)
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Biden-Harris Administration Announces $330 Million WIFIA Loan to Reduce Air
Emissions from Wastewater Treatment Plants in Missouri
WASHINGTON (October 10, 2023) – Today, the U.S. Environmental Protection
Agency (EPA) announced a Water Infrastructure Finance and Innovation Act
(WIFIA) loan totaling $330 million to the Metropolitan St. Louis Sewer
District (MSD Project Clear) in Missouri. This funding will help reduce air
emissions by 90%, support energy efficiency, and meet regulatory compliance by
constructing new biosolids processing facilities. Since its creation, EPA’s
WIFIA program has announced $19 billion in financing to support 112 projects
totaling over $40 billion that are strengthening drinking water, wastewater,
and stormwater infrastructure while creating over 60,000 jobs.
“The Biden-Harris Administration continues to make historic investments in
upgrading America’s critical local water infrastructure,” said EPA
Administrator Michael S. Regan. “With these unprecedented resources,
Missouri’s MSD Project Clear has the federal support it needs to reduce air
emissions, protect a vital water resource, and create jobs in St. Louis.”
The MSD Project Clear Solids Management Upgrades project will reduce air
emissions and ensure continued compliance with regulations. While MSD Project
Clear’s existing biosolids treatment facilities, built in the 1970s,
continue to meet or exceed all air quality standards, they rely on outdated
technology. With EPA’s WIFIA loan, newly constructed biosolids processing
facilities will have emissions controls that drastically reduce pollutants and
air emissions by 90% using modern, energy-efficient equipment that requires
less fuel to operate. MSD Project Clear will also construct odor control
systems to reduce the impact of unpleasant smells on neighboring communities
with environmental justice concerns.
“The Solids Management Upgrades project is about more than infrastructure
improvements – it’s a long-term investment in the health and well-being of
our community,” said Brian Hoelscher, MSD Project Clear Executive Director &
CEO. “WIFIA’s cost-effective loans are one way we are able to complete
these vital improvements while upholding our commitment to be good stewards of
public funds.”
MSD Project Clear will save approximately $86 million by financing with a
WIFIA loan. Investing in their infrastructure will create approximately 3,000
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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