The U.S. Environmental Protection Agency has announced the availability of $55.5 million in loans and grants to fund future state water infrastructure projects in Indiana.
The money is part of $2.7 billion that will be available for State Revolving Funds from two longstanding federal programs, the Clean Water State Revolving Fund and the Drinking Water State Revolving Fund.
“These investments in water infrastructure will help ensure that the communities served by EPA and the Indiana Finance Authority have safe water for drinking and recreation,” said EPA Region 5 administrator Kurt Thiede. “By funding critical upgrades where they are most needed, the SRF programs will improve water systems while protecting human health and the environment.”
The state of Indiana can receive $38,685,000 from the Clean Water State Revolving Fund to fund a wide range of water infrastructure projects like modernizing wastewater infrastructure and stormwater issues.
The state can also receive $16,830,000 from the Drinking Water State Revolving Fund to issue loans for projects that help drinking water systems, like contaminant treatment, distribution system improvements and resiliency upgrades.
Last year, the EPA issued the state a $436 million Water Infrastructure Finance and Innovation Act loan to fund 20 major water infrastructure projects around the state.