13 Sep 2024

Army Civil Works announces invitations to apply for dam safety loans; $35 million in potential federal financing for the city of Spokane, Washington

The Office of the Assistant Secretary of the Army for Civil Works and the U.S. Army Corps of Engineers today announced the first set of proposals being invited to apply for loans under the new Corps Water Infrastructure Financing Program (CWIFP). Among those selected to apply is the city of Spokane, Washington, for $35 million in potential federal financing to complete repairs to the Upriver Dam, a hydroelectric dam.

28 Dec 2020

Corps Water Infrastructure Financing Program Receives Funding in Appropriations Bill

The U.S. Army Corps of Engineers’ (USACE) Corps Water Infrastructure Financing Program (CWIFP) received funding for the first time ever in the Fiscal 2021 Energy and Water Development and Related Agencies Appropriations Act signed into law by President Donald J. Trump yesterday as part of the Fiscal 2021 Consolidated Appropriations Act. CWIFP, authorized by the Water Infrastructure Financing and Innovation Act (WIFIA) in 2014, will accelerate non-federal investments in water resources infrastructure by providing long-term, low-cost loans to creditworthy borrowers.