As the U.S. Environmental Protection Agency continues to sign off on new Water Infrastructure Finance and Innovation Act loans, one of its latest WIFIA approvals has a new twist. A $436-million loan to the Indiana Finance Authority, announced Oct. 9, is EPA’s first to a water infrastructure state revolving fund (SRF).
Indiana officials plan to combine the WIFIA loan with $474 million from SRFs to finance 23 projects, big and small, around the Hoosier State. By far the largest allotment is $547.5 million to the Indianapolis DigIndy tunnel system, a $2-billion multiyear program that includes 28 miles of deep-rock tunnels. Evansville will use $182.4 million for projects in its wastewater control plan.