A $699 million loan to the San Francisco Public Utilities will be provided by the U.S. Environmental Protection Agency (EPA) to financially aid an innovative $1.43 billion project.
The San Francisco Public Utilities Commission (SFPUC) proposes to construct new solids treatment, odor control, energy recovery, and associated process and maintenance facilities as part of improvements to the wastewater treatment facilities at the existing Southeast Treatment Plant (SEP) in San Francisco. The proposed project, the Biosolids Digester Facilities Project (BDFP), would replace the outdated existing solids treatment facilities with more reliable, efficient, modern technologies and facilities. This is the largest loan issued under EPA's Water Infrastructure Finance and Innovation Act (WIFIA) program to date. SFPUC General Manager Harlan L. Kelly, Jr. stated: "Rebuilding our biosolids digester facilities is crucial to realizing our vision to transform San Francisco's largest wastewater treatment plant into a modern resource recovery facility. With the federal government's low-cost loan program, we can realize significant savings for our ratepayers and create high quality employment and contracting opportunities in parts of the City that need it most."
EPA Acting Administrator Andrew Wheeler said: "Today's nearly $700 million WIFIA water infrastructure loan reflects a core Administration priority: accelerating investment in America's water infrastructure in a way that delivers a cleaner, healthier environment and supports a thriving economy. This WIFIA loan will enable San Francisco to modernize its wastewater treatment facilities while creating valuable jobs in the community." According to Mike Stoker, EPA's Regional Administrator for the Pacific Southwest "This water infrastructure loan will help San Francisco make needed upgrades and create more than 3,000 local jobs and job-training opportunities. EPA is proud to partner with the San Francisco Public Utilities Commission on this important project and looks forward to seeing the environmental, public health, and economic benefits it will provide."
The WIFIA program is a new federal loan and guarantee program at EPA aiming to increase investments in U.S. water infrastructure. It provides long-term and low-cost credit assistance for regional and national important projects. The program's funding could reach up to $5.5 billion to leverage over $11 billion projects in water infrastructures. EPA estimates that over $743 billion are needed for the forthcoming projects.
Source: EPA.gov
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