SVCW WIFIA Project Factsheet Loan Close

SVCW WIFIA Project Factsheet Loan Close

The Water Infrastructure Finance and Innovation Act (WIFIA) program accelerates investment in our nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. REGIONAL ENVIRONMENTAL SEWER CONVEYANCE UPGRADE (RESCU) PROGRAM BORROWER: Silicon Valley Clean Water LOCATION: Redwood City, CA WIFIA LOAN AMOUNT: $218 million TOTAL WIFIA PROJECT COSTS: $517 million POPULATION SERVED BY SYSTEM: 225,000 NUMBER OF JOBS CREATED: 400 jobs April 2019 Tunnel Boring Machine Factory Test and Inspection PROJECT DESCRIPTION Silicon Valley Clean Water’s RESCU Program will rehabilitate aging wastewater infrastructure and construct new facilities to improve the system’s reliability and protect the San Francisco Bay. The program will include constructing a 3.3-mile gravity pipeline, replacing four pump stations, and building a new preliminary treatment facility. As a result, the system will switch to a renewable energy source (biogas) to power pumping, be able to handle future wet weather flows of up to 108 million gallons per day, and reduce electricity and chemical use. PROJECT BENEFITS • Reduces the likelihood of spills and discharges of untreated sewage to the surrounding environment. • Ensures the reliable operation of the overall wastewater conveyance system by improving and replacing existing wastewater infrastructure. • Helps meet future regulatory requirements for nutrient discharges into the San Francisco Bay. • Saves ratepayers $43 million by financing the project with a WIFIA loan. • Re-execution of the WIFIA loan in 2020 saves Silicon Valley ratepayers an additional $55 million. WEBSITE: www.epa.gov/wifia EMAIL: [email protected] .

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