Omaha receives nearly $70M loan for water infrastructure upgrades

NebraskaРOmaha has received a $69.7 million Water Infrastructure Finance and Innovation Act (WIFIA) loan under the United States Environmental Protection Agency (EPA). This loan will help finance the Saddle Creek Retention Treatment Basin. The combined sewer system in the Saddle Creek Basin fills with stormwater and overflows during wet weather events. This sends millions of gallons of polluted runoff and sewage into the Little Papillion Creek, a tributary of the Missouri River.

 

When the Saddle Creek Combined Sewer Overflow Retention Treatment Basin is completed in 2022, it will collect and treat up to 320 million gallons of wastewater and stormwater daily that would have spilled into the creek during wet weather. The project has an estimated construction cost of $93 million to $103 million. The overall project is estimated to cost $142.2 million and EPA’s WIFIA loan will help finance nearly half of the project’s eligible costs, including study, design, construction administration, inspection, material testing, land acquisition and construction costs. Because the WIFIA program offers loans with low, fixed interest rates, EPA’s loan is expected to save the City of Omaha up to $20M. Project construction is scheduled to begin in spring 2019.