Financing secured for Lake Oswego wastewater treatment plan PPP

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The City of Lake Oswego in Oregon, USA has announced that the Environmental Protection Agency (EPA) selected the Lake Oswego Wastewater Treatment Facility project to apply for a low-cost, long-term, Water Infrastructure Finance and Innovation Act (WIFIA) loan.

The authority has selected EPCOR Foothills to design, build, finance, operate, and maintain the new wastewater treatment facility. EPCOR Foothills will be the borrower of the loan. In the next stages, EPCOR and the city of Lake Oswego will conduct a detailed financial and engineering review of the project, mutual negotiation of a loan agreement, and financial close. 

The low-cost federal loan will help finance a new wastewater treatment facility (WWTP) to replace the aging Tryon Creek Wastewater Treatment Plant. The WWTP will treat 43.8 million gallons per day (MGD) of wastewater and will have enough capacity to provide a cost-effective solution useable by both Portland and Lake Oswego cities. 

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