Through its recently launched Water Infrastructure and Resiliency Finance Center, the U.S. Environmental Protection Agency aims to help communities across the country improve their wastewater treatment, drinking water supply and stormwater conveyance systems.
The Center will a) explore innovative financial tools, public-private partnerships, and non-traditional finance concepts to better leverage federal funding programs; b) build on the successful State Revolving Fund and other programs of EPA and its federal partners; and, c) target ways to increase financing of climate-resilient water infrastructure projects that integrate water efficiency, energy efficiency, water reuse and green infrastructure.
It was announced as Vice President Joe Biden and EPA Administrator Gina McCarthy toured the Washington, D.C., construction site of a tunnel reducing sewer overflows into the Anacostia River by 98 percent. The Center is part of the White House Build America Investment Initiative, a government-wide effort to increase infrastructure investment and promote economic growth by creating opportunities for state and local governments and the private sector to collaborate, expand public-private partnerships, and increase the use of federal credit programs.
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