Biden-Harris administration announces $76 million WIFIA loan to strengthen climate resilience in northern Monterey County, California
Today, at an event near Marina, California, U.S. Environmental Protection Agency (EPA) Assistant Administrator for Water Radhika Fox joined City of Monterey Mayor Tyller Williamson and other local officials to announce a Water Infrastructure Finance and Innovation Act (WIFIA) loan to Monterey One Water. This $76 million loan will expand existing water reuse capacity from 5 million gallons per day to 7.6 million gallons per day while ensuring residents and businesses in the surrounding areas have a climate resilient water supply. Since its creation, EPA’s WIFIA program has announced $19 billion in financing to support 113 projects that are strengthening drinking water, wastewater, and stormwater infrastructure and creating tens of thousands of jobs.
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