California a Big Winner of New EPA Water Loans

摘要

California will take home half the available funds after the EPA announced the 12 water projects that are eligible to receive low-cost infrastructure loans. The agency announced July 19 which water systems it would invite to apply for its new Water Infrastructure Finance and Innovation Act, or WIFIA, loans. Though 43 systems expressed interest in the program, which subsidizes a project's borrowing costs, the agency had enough funding to select only 12.