Willamette Water Monthly

Exploring Willamette Water Supply Financing Opportunities

Willamette Water Supply Program (WWSP)leadership is dedicated to building the seismically-resilient water system in the most cost-effective way possible to maximize value for present and future customers. One possible cost-saving opportunity is securing US Environmental Protection Agency (EPA) financing through the Water Infrastructure Finance and Innovation Act (WIFIA). The water supply team submitted the WWSP WIFIA application on July 30, 2018.

WIFIA, according to the EPA’s website “accelerates investment in our nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects.” This year 62 projects have applied for the $5.5 billion available in loans with only two Oregon applicants.

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Developing the new Willamette water source will take over a decade.

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