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Oregon City updates commissioners on WIFIA loan, multi‑million dollar water projects
Summary
City staff told commissioners the EPA WIFIA loan will let Oregon City scale up water capital work over the next five years, but rising construction costs have reduced the amount of pipe rehabilitation and increased project budgets.
Oregon City staff updated the City Commission on the city’s Water Infrastructure Finance and Innovation Act (WIFIA) loan and the schedule for work on water transmission and rehabilitation projects.
The presentation by Public Works Director Dana Webb, Senior Project Engineer Patty Nelson and Finance Director Matt Sook summarized the loan terms, the projects included in the program and how the city plans to sequence work through 2028. "For those who don't know what WIFIA stands for, it's the Water Infrastructure Finance and Innovation Act," Webb said at the hearing.
Why it matters: staff said the loan makes it possible to increase annual capital spending on water from about $2 million to roughly $6 million over the next five years, allowing the city to tackle larger transmission and pump‑station projects that have been deferred for years.…
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