Los Angeles Receives $224 Million Loan From EPA For Water Recycling Project

Los Angeles CA

27 October, 2021

3:38 PM

Description

By CBSLA Staff, CBS Los Angeles: LOS ANGELES (CBSLA) – The United States Environmental Protection Agency has granted a $224 million loan to the City of Los Angeles. The loan will be used to fund a project that aims to purify wastewater and replenish the depleted San Fernando Basin. The project, called The Water Infrastructure Finance and Innovation Act (WIFIA), aims to purify 15.5 million gallons of the city's wastewater every day, a move that would replenish both the basin and its aquifers – a body of rock that can contain or transmit groundwater. The project's total cost is estimated at $458 million, with the funding coming from revenue bonds and borrower cash. It is also estimated that the loan from the EPA will save Los Angeles nearly $81 million in interest. Read more at CBSLA CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.