The U.S. Environmental Protection Agency (EPA) is making $2.7 billion available for State Revolving Funds (SRFs), including $10.2 million for Guam.
In a release on Friday, the EPA said the funding assists states, tribes and territories with infrastructure projects that help protect surface water and provide safe drinking water to communities across the United States.
“EPA’s decades-long commitment to water infrastructure has helped provide $180 billion in project financing to over 41,000 water quality infrastructure projects and 15,000 drinking water projects across the country,” said EPA Administrator Andrew Wheeler. “In the past three years, the Trump Administration has accelerated EPA’s investment in infrastructure projects that modernize our nation’s water infrastructure and improve public health and the environment.”
“These funds will improve access to clean drinking water and provide necessary wastewater upgrades in our local communities,” said EPA Pacific Southwest Acting Regional Administrator Deborah Jordan. “EPA is fully invested in supporting local water resources in Guam.”
In 2020, EPA is providing approximately $1.6 billion in new federal grant funding for the Clean Water State Revolving Fund (CWSRF), including $6,296,000 to assist Guam.
This funding is available for a wide range of water infrastructure projects, including modernizing aging wastewater infrastructure, implementing water reuse and recycling and addressing stormwater.
EPA is also making available more than $1.07 billion in new federal grant funding for the Drinking Water State Revolving Fund (DWSRF), including $3,856,000 to assist Guam.
In the release, the EPA said the funding supports EPA’s 50th anniversary celebration and its February theme of protecting America’s waters—including surface water protection, safe drinking water and water infrastructure investments.
Under the Clean Water and Drinking Water State Revolving Fund programs, EPA provides funding to all 50 states and Puerto Rico to capitalize SRF loan programs. The states and Puerto Rico contribute an additional 20 percent to match the federal grants. The 51 SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. As the loan principal and interest are repaid over time, it allows the state’s DWSRF and CWSRF to be recycled or “revolve.” As money is returned to the state’s revolving loan fund, the state makes new loans to other eligible recipients. These funds can also be combined with EPA’s WIFIA loans to create a powerful, innovative financing solution for major infrastructure projects.
For more information, visit https://www.epa.gov/dwsrf and https://www.epa.gov/cwsrf.
(Information from a news release)