The Bull Run Treatment Program in Portland, Ore., has been awarded a $727 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to help pay for the $820 million modernization being undertaken by the Portland Water Bureau. It is the largest WIFIA grant to date awarded by the Environmental Protection Agency.
The loan will cover nearly half the project’s cost, and favorable financing rates will save the bureau an estimated $247.5 million compared to typical marketing financing.