U.S. Invests Almost
$53 Billion in Wastewater Infrastructure
March 28, 2006
New figures released today by the U.S. EPA
reveal that the federal government and the states have invested
almost $53 billion in the Clean Water State Revolving Fund (CWSRF)
program to rebuild and refurbish the nation's wastewater
infrastructure over the last 18 years. The figures are published
in the “Clean Water State Revolving Fund Programs: 2005 Annual
Report.”
The report also highlights the innovative
ideas of state CWSRF programs and includes an update on the
financial performance of the CWSRF program. The CWSRF is the
largest federal funding program for wastewater infrastructure
projects, such as treatment plants and collection systems. The
CWSRF has made almost 17,000 loans since the program's inception
in 1988.
“EPA is committed to helping our partners
sustain progress and increase opportunities for state revolving
funds through financial stewardship, innovation and
collaboration,” said Assistant Administrator for Water Benjamin
H. Grumbles. “This report demonstrates the power of partnerships
to leverage, innovate and excel to meet wastewater
infrastructure, watershed protection and community health
needs.”
The CWSRF includes annual EPA contributions
matched with at least an additional 20% from the states. The
states, in turn, make low-interest loans to local utilities. The
interest income and repayments derived from the loans help fund
future projects. Many states also issue bonds, which added $940
million to the fund last year. Annual CWSRF assistance has
averaged about $4.5 billion. Borrowers save an average of 21% on
financing costs over the life of the loan.
Just as the program has expanded since it
began, the CWSRF continues to evolve. In 2005, states began
submitting information to track environmental benefits. Each
project is linked to a river, lake or stream and to beneficial
uses of that body of water such as fishing and swimming. More
than 60% of the total funding reported goes to projects that
protect drinking water, preserve fish habitat and provide for
water recreation.
Source: EPA March 28, 2006
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