City of Memphis, TN awarded $156M WIFIA loan
The projects financed with this loan will help support upgrades to the T.E. Maxson Wastewater Treatment Facility.
The U.S. Environmental Protection Agency (EPA) has announced a $156 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of Memphis, Tenn., for upgrades to the T.E. Maxson Wastewater Treatment Facility. The projects financed with this loan will help support the city’s growth, protect public health, and bolster continued economic development in Memphis.
“WIFIA plays a critical role in President Trump’s commitment to upgrade our nation’s infrastructure, improve public health and environmental protections, and create good, local jobs,” said EPA Administrator Andrew Wheeler. “EPA’s 33 WIFIA loans are providing $6 billion in credit assistance to help finance $14 billion for water infrastructure while creating more than 29,000 jobs and saving ratepayers $3.2 billion.”