FINANCIAL_SERVICESAPPROVED

City of Austin WIFIA Loan Agreement Walnut Creek Wastewater Treatment Plant Expansion and Enhancements Project 2026-05-21

Austin Secures $861M WIFIA Loan for Walnut Creek WWTP Expansion

Up to $861,331,335 (not including capitalized interest); aggregate not to exceed $1,000,000,000City of Austin cityUNITED STATES ENVIRONMENTAL PROTECTION AGENCYMay 21, 2026

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Description

The City of Austin entered into a WIFIA loan agreement with the United States Environmental Protection Agency for up to $861.3 million, funding the Walnut Creek Wastewater Treatment Plant Expansion and Enhancements Project. The agreement provides long-term, low-cost financing and establishes terms for drawdown, repayment, and project delivery.

Contract Details

Contract Amount

Up to $861,331,335 (not including capitalized interest); aggregate not to exceed $1,000,000,000

Vendor

UNITED STATES ENVIRONMENTAL PROTECTION AGENCY

Agency

City of Austin city, TX

Contract Type

FINANCIAL_SERVICES

Document Date

May 21, 2026

Contract Term

Effective Date (mid-2026) to Final Maturity Date (not explicitly stated; term based on amortization schedule, up to 35 years)

Renewal Info

Loan may be amended subject to agreement terms. No explicit renewals; modifications governed by Article VII. Early prepayment allowed without penalty after Final Disbursement Date. Servicing fees and costs apply annually during construction and operating periods, adjusted to Consumer Price Index.

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