Ten Georgia communities were awarded financing totaling $88,965,100 for water, wastewater, and sewer projects by the Georgia Environmental Finance Authority (GEFA) board of directors.
Approved loans:
- Albany awarded a $25,000,000 Clean Water State Revolving Fund (CWSRF) conservation loan
- Auburn awarded a $11,440,800 Georgia Fund loan
- Dade County Water and Sewer Authority awarded a $1,874,400 Drinking Water State Revolving Fund (DWSRF) loan
- Hinesville awarded a $25,933,600 CWSRF loan
- LaFayette awarded a $1,667,000 Georgia Fund loan
- Lumpkin County Water and Sewerage Authority awarded a $3,000,000 CWSRF conservation loan
- Metter awarded a $841,400 Georgia Fund loan
- Villa Rica awarded a $1,707,900 CWSRF loan
- Waynesboro awarded a $3,500,000 CWSRF loan
- Winder awarded a $14,000,000 DWSRF loan
Project and loan details:
City of Albany
The $25,000,000 CWSRF conservation loan will finance rehabilitating the city’s wastewater treatment plant and separating the combined sewer distribution system. This project will improve the treatment process, reduce overflow, and increase reliability and efficiency. The city will pay 2.08% interest on the 20-year loan. The loan qualifies for a reduced interest rate because of GEFA’s affordability criteria and a portion of the project is a conservation activity. The city is eligible for principal forgiveness up to $1,850,000.
City of Auburn
The $11,440,800 Georgia Fund loan will finance the construction of a new water treatment plant. The city is converting an existing rock quarry to a pump storage raw water storage pond. The new water treatment plant will treat the water stored in the quarry and will be used by the cities of Auburn and Winder. This project will increase water supply and improve system reliability. The city will pay 2.13% interest on the 20-year loan. The loan qualifies for a reduced interest rate due to the city being a WaterFirst Community.
Dade County Water and Sewer Authority
The $1,874,400 DWSRF loan…
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