Corps Water Infrastructure Financing Program
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The US Army Corps of Engineers is offering a new Federal loan program for non-federal dam owners. The Corps Water Infrastructure Financing Program (CWIFP) is a Federal loan program administered by the Corps that provides low-cost, long-term loans for maintaining, upgrading and repairing dams for any non-Federal borrowers. The program is open to projects, or bundles of projects that have a total cost of $20M or more. The program will be overseen by a new organization within the Corps that is under the direction of Corps headquarters.
$7.5B+ is available and the program’s first call for funding requests from prospective applicants is expected in Spring 2023.
Borrowers can realize savings of more than 20% over other financing options. Here are some of the benefits of using CWIFP over other financing options:
• Low Interest
• Consolidation of multiple projects into one loan
• Financing previously incurred costs for planning and design
• Long-term amortization (up to 35 years following construction)
• Flexible repayment terms with the opportunity for capitalized interest
• Sculpted principal repayment
David Capka, P.E.
Director
Division of Dam Safety and Inspections, Federal Energy Regulatory Commission
David Capka is the Director of the Division of Dam Safety and Inspections (D2SI) with the Federal Energy Regulatory Commission’s Office of Energy Projects.
David has been with the Commission since 2006, when he began as a Senior Civil Engineer in the Headquarters Branch. He was selected for the Senior Executive Service in March 2017. Prior to joining the Commission, David worked as a Geotechnical Engineer for the US Army Corps of Engineers Baltimore District.
David has a B.S. in Civil Engineering from Virginia Tech, and an M.S. in Civil Engineering from the University of Maryland. He is a registered professional engineer in the state of Maryland.
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