Public Works Board approves $85 million in infrastructure loans
OLYMPIA, Wash. – The Washington State Public Works Board has awarded over $85 million in loans for pre-construction and construction activities for 30 projects across the state. Applicants had requested more than $248 million for 74 different projects, and the board approved qualifying projects from a rated and ranked list until all available funds were exhausted.
Reflecting on this 2019 funding cycle, and the state of public infrastructure in Washington, board Chair Scott Hutsell stated, “This is a great time for Washington. The importance of infrastructure is gaining recognition at all levels, and this funding cycle is a start to working on the issues facing the state. The cross-section of projects represented in these applications and awards is indicative of the need in all systems and areas of the state.”
“Hopefully this is only the beginning. We will continue, with our partner agencies, to help address the needs of the state through technical assistance, training, and financing,” he added.
“These investments strengthen communities by supporting reliable infrastructure that serves as the foundation for regional economies to achieve sustainable growth and prosperity,” said Washington State Commerce Director Lisa Brown.