Abstract Description: Owners and engineers face the constant challenge of securing adequate funding for critical dam and levee safety projects. This presentation offers a technical deep dive into how the Corps Water Infrastructure Financing Program (CWIFP) can provide a solution. CWIFP represents a paradigm shift in funding dam and levee safety projects, offering flexible and affordable long-term credit assistance. This presentation will delve into the program's transformative impact, showcasing how CWIFP is empowering communities to address critical infrastructure needs. The program has already demonstrated its potential, with the initial funding round inviting 18 borrowers across 12 states to access $3.2 billion in credit assistance for work on 77 separate non-federal dam locations. Attendees will gain insights into the innovative financial structures employed by the program and the significant cost savings achieved compared to traditional financing methods like bond issuance. A step-by-step guide to the CWIFP application process will be provided, outlining key eligibility criteria and highlighting the advantages of securing credit assistance. With recent appropriations expanding eligibility to include non-federal levee projects, the presentation will also address this exciting new development and its implications for communities nationwide. Finally, we'll discuss the future of CWIFP and its potential to revolutionize water resources infrastructure funding. This session is essential for water resources consultants, state dam and levee safety officials, tribal entities, and local agencies seeking sustainable funding solutions for complex dam and levee projects. Discover how a strategic federal investment through CWIFP can generate substantial benefits for non-federal water resources infrastructure and the communities they serve.
Learning Objectives:
Learn how to leverage Federal financing to bridge funding gaps and bring vital infrastructure projects to completion.
Gain insight on the significant cost savings and benefits through utilization of federal financing to complete non-federal dam and levee safety projects.
Understand the Corps Water Infrastructure application process, with an emphasis on the technical documentation and engineering assessments required for a successful submission.
