FINANCIAL_SERVICESAPPROVED

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

EPA Approves $861M WIFIA Loan for Austin Wastewater Plant

Not to exceed $861,331,335City of Austin cityUNITED STATES ENVIRONMENTAL PROTECTION AGENCYMay 21, 2026

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Description

The City of Austin was approved for a WIFIA secured loan by the United States Environmental Protection Agency in a principal amount not to exceed $861,331,335 to finance the Walnut Creek Wastewater Treatment Plant Expansion and Enhancements Project. The term runs up to the earlier of November 15, 2061, or 35 years after substantial completion, and includes provisions for dedicated repayment and federal oversight.

Contract Details

Contract Amount

Not to exceed $861,331,335

Vendor

UNITED STATES ENVIRONMENTAL PROTECTION AGENCY

Agency

City of Austin city, TX

Contract Type

FINANCIAL_SERVICES

Document Date

May 21, 2026

Contract Term

Earliest of November 15, 2061; or 35 years after projected Substantial Completion Date May 23, 2031; or subject-to-prepayment provisions

Renewal Date

2061-11-15

Renewal Info

Loan terms involve up to 35 years after substantial completion, nonrenewable. Maturity or prepayment may adjust term. No automatic renewal or extension described; amendments require counterparty agreement.

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