AWWA Cheers Boost In WIFIA Funding To Confront Water Infrastructure Challenge

Denver, CO (PRWEB) – With a $2 trillion water and wastewater infrastructure challenge facing America, the American Water Works Association today applauded Congress for appropriating an additional $10 million for the Water Infrastructure Finance and Innovation Act (WIFIA). The additional $10 million brings WIFIA funding in 2017 to $30 million, which can leverage an estimated $1.5 billion in federal loans. Because WIFIA can only fund 49 percent of a project’s cost, the loans may actually spur on approximately $3 billion in large water infrastructure projects.

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Source: WaterOnline

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