MEMPHIS – The United States Environmental Protection Agency (EPA) announced a $ 156 million loan under the Water Infrastructure Finance and Innovation Act (WIFIA) to the City of Memphis, Tenn., For the modernization of the facility wastewater treatment plant from TE Maxson. The projects funded through this loan will help support the city’s growth, protect public health, and support Memphis’ continued economic development.
“WIFIA plays a vital role in President Trump’s commitment to modernize our country’s infrastructure, improve public health and environmental protection, and create good local jobs,” the administrator said. EPA, Andrew Wheeler. “EPA’s 33 WIFIA Loans Provide $ 6 Billion In Credit Aid To Help Fund $ 14 Billion For Water Infrastructure While Creating Over 29,000 Jobs And Saving Taxpayers $ 3.2 Billion .
“Rebuilding aging water infrastructure in the Southeast is a top priority for EPA,” said Mary S. Walker, Region 4 administrator. “Through WIFIA, EPA invests in future of Memphis , which will translate into a cleaner environment, better public health, new jobs and a stronger economy. ”
The City of Memphis will use the EPA’s WIFIA loan to help fund projects to expand biological treatment capacity and improve biosolids treatment at the TE Maxson wastewater treatment facility. These projects will help the facility meet new National Pollutant Discharge Elimination System (NPDES) permit requirements for effluent disinfection and overall reduction of total suspended solids treated and biological oxygen demand in facilities. effluents. Completed projects will significantly improve effluent water quality and loading into the Mississippi River, provide reliable and efficient treatment of biosolids, improve process efficiency and operability, and improve overall odor control for the facility. factory.
“This funding will improve Memphis’ sewage system, improve public health, create jobs and ultimately save money for the city,” the US representative said. Steve Cohen (TN-09). “Memphis will benefit from this EPA investment.”
“Many thanks to the Environmental Protection Agency for making this WIFIA loan available to the City of Memphis,” said Memphis Mayor Jim Strickland. “With these funds, this will allow the city to move forward with vital sewer improvement projects that will benefit over 300,000 Memphis residents and over 425,000 people in total across the region. “
“The City of Memphis is very fortunate to receive a WIFIA loan from the EPA. WIFIA funding opportunities are very beneficial for cities like Memphis, ”said Robert Knecht, City of Memphis Director of Public Works. “The funding will enable Memphis Public Works to make major system upgrades, modernization and other vital upgrades to its southern wastewater treatment plant, as well as an attractive long-term low loan. interest rate that will benefit Memphis taxpayers.
WIFIA is providing financial support at a critical time as the federal government, EPA and the water sector work together to help mitigate the financial and public health impacts of COVID-19. EPA’s WIFIA loan will fund nearly half of the total cost of TE Maxson’s wastewater treatment process and $ 317.5 million biosolids upgrade program. The remaining costs of the project will be funded by a combination of system funds and a loan from the Tennessee Clean Water State Revolving Fund. EPA estimates that the WIFIA loan will save the City of Memphis about $ 57 million over typical market funding and that construction and operation is expected to create about 1,015 direct and indirect jobs. As of early March 2020, WIFIA has announced seventeen loans and updated five existing loans with lower interest rates. These recent efforts by the EPA’s WIFIA program will save taxpayers over $ 1 billion over typical market funding.