SEATTLE -- 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.
CWIFP is a new federal financing program to provide loans and loan guarantees for borrowers for safety projects to maintain, upgrade, and repair non-federal dams. The applications in the fiscal 2023 selection round include requests for financing of critical infrastructure projects such as dam repairs, dam replacements, seismic retrofits, and spillway capacity increases. The 18 proposals being invited to submit full applications span 12 states and if selected will improve the safety of dams across the country with most of the requests providing benefits to economically disadvantaged communities.
Invited applicants have one year to complete and submit their full application. View the full list of selections and obtain more information about CWIFP at https://www.usace.army.mil/CWIFP. For more information, please contact the CWIFP Team at CWIFP@usace.army.mil.
Release no. 24-029