The city of San Mateo, in partnership with Foster City, received a major boost from the U.S. Environmental Protection Agency this week as it was invited to apply for a $277 million loan to support the Clean Water Program, according to city officials.
The EPA announced the Peninsula-based program as one of only 39 across the country to be invited to apply for a Water Infrastructure Finance and Innovation Act loan. In all, the EPA received 62 letters of interest from 26 states and territories for the WIFIA federal low-interest loan program, before announcing it will offer up to $5 billion during the Fiscal Year 2018 selection round, according to officials.
The Clean Water Program, San Mateo Public Works Department’s largest initiative, is one of six programs in the Bay Area shortlisted for this annual loan. The Clean Water Program will ask for up to $277 million to modernize the city’s wastewater treatment plant, which will improve the quality of water discharged into the San Francisco Bay and provide potential opportunities for water reuse, according to officials.
The city is actively pursuing a range of financing options for the entire $1 billion Clean Water Program, and the WIFIA loan could save residents and ratepayers millions of dollars in interest costs.
Keep the discussion civilized. Absolutely NO
personal attacks or insults directed toward writers, nor others who
make comments. Keep it clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. Don't threaten. Threats of harming another
person will not be tolerated. Be truthful. Don't knowingly lie about anyone
or anything. Be proactive. Use the 'Report' link on
each comment to let us know of abusive posts. PLEASE TURN OFF YOUR CAPS LOCK. Anyone violating these rules will be issued a
warning. After the warning, comment privileges can be
revoked.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.