$196 Million EPA Loan Will Elevate Indiana’s Water Systems and Benefit Over 100K Residents

With a large loan from the Environmental Protection Agency (EPA), Hoosiers will see significant improvements to their wastewater and drinking water systems. Bruno Pigott of EPA presented a $196 million infrastructure boost at a ceremony held at the Indiana Statehouse, focusing on the state’s expanding demographic demands. The Indiana Finance Authority (IFA) is a partner in this endeavor, which aims to modernize services throughout the state.

The loan will assist in funding improvements that are anticipated to benefit approximately 134,000 people in Indiana, according to the EPA. In order to fix the aging infrastructure and expand service in places with rising demands, a number of initiatives are planned to get support. The money comes from the SWIFIA program, which provides states with lower-cost financing to assist them in completing urgent water infrastructure projects.

Bruno Pigott spoke on the collaboration and praised Indiana’s initiative. “I would like to congratulate the State of Indiana on obtaining an EPA loan of $196 million. In order to maintain residents’ health, safeguard water resources, and generate well-paying employment while keeping water costs reasonable, we will improve water infrastructure throughout the state through our cooperation,” Pigott said on EPA during the announcement.

IFA’s chief operating officer, Jim McGoff, highlighted the organization’s dedication to identifying long-term financial solutions. McGoff said those assembled at the Statehouse on EPA that “the IFA is constantly looking for alternative funding sources to keep pace with Indiana’s increasing water-infrastructure needs.” Indiana is to spend more than $400 million on improvements to municipal water systems using funding from the SWIFIA program.

The EPA has pledged more than $21 billion in funding to improve water infrastructure around the country through its WIFIA programs. In addition to strengthening crucial services, the goal is to boost the labor market, creating an estimated 150,000 jobs in the process. In addition to the more than $630 million in WIFIA funding already obtained for the state’s water infrastructure initiatives, Indiana now has its first SWIFIA loan. The observable advantages of such investments keep coming in the form of nearly $130 million in cost reductions for Indiana households from prior loans.

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