WIFIA financing for Bull Run Treatment Projects will save ratepayers millions
Great news for ratepayers! Earlier this month, the Portland Water Bureau announced that we secured a Water Infrastructure Finance and Innovation Act (WIFIA) loan from the U.S. Environmental Protection Agency for the Bull Run Treatment Projects. The loan saves Portland at least $247 million in repayment costs over the loan term and will help us finance necessary improvements to our water system. That includes improved corrosion control, a new filtration facility, and related pipelines.
Governor Kate Brown, Senator Jeff Merkley, EPA’s Acting Assistant Administrator for Water Radhika Fox, Portland Mayor Ted Wheeler, Portland Water Commissioner Mingus Mapps, and former Portland Water Commissioner Amanda Fritz were all on hand for a virtual event to commemorate the announcement.