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Rockmart and Vienna receive infrastructure loans totaling $9.4 million
ATLANTA – The cities of Rockmart and Vienna were awarded $9,393,156 in financing for wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) executive committee.
- Rockmart was awarded a $3,500,000 Clean Water State Revolving Fund (CWSRF) loan.
- Vienna was awarded a $5,893,156 Georgia Fund loan.
“The wastewater infrastructure programs administered by GEFA assist local governments with improving their environmental infrastructure. Financing these projects encourage economic growth and the stewardship of our environment.” – GEFA Executive Director Kevin Clark.
“I’d like to express my appreciation to Gov. Deal and to the members of the General Assembly for their support. The state’s commitment to helping cities and counties finance infrastructure projects contributes greatly to improving Georgia’s water resources.” – GEFA Executive Director Kevin Clark.
“GEFA financing for wastewater infrastructure helps communities in all areas of the state. The projects that we agreed to finance today demonstrate that GEFA is investing in communities that are willing to invest in themselves.” – Chairman of the GEFA Board of Directors and Mayor of Dallas Boyd L. Austin.
Project and Loan Details:
City of Rockmart
The $3,500,000 CWSRF loan will finance process upgrades to the city’s wastewater plant to enhance phosphorus removal, which will allow the city to meet new wastewater discharge permit limitations for phosphorus. Rockmart will pay 2.03 percent interest on the 20-year loan.
City of Vienna
The $5,893,156 Georgia Fund loan will finance rehabilitating three pumps stations; constructing a pre-equalization basin, an influent pump station, and a third treatment basin; replacing equipment and piping in two treatment basins and a sludge digester; expanding the land application system; and installing a forcemain, holding pond and pump station. This project will expand the city’s wastewater treatment plant to receive increased flows, in anticipation of Tyson Foods expanding its poultry plant located in Vienna. Tyson Foods plans to upgrade the facility and add approximately 100,000 square feet, a $110 million investment that will create more than 500 new jobs. Vienna will pay 1.77 percent interest on the 15-year loan. The city is a PlanFirst designated community through the Georgia Department of Community Affairs, and qualified for a reduced interest rate.
The CWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollution control projects. Eligible projects include a variety of stormwater and wastewater collection and treatment projects. These projects conserve and improve water resources, and facilitate economic growth and development. Low-interest loans from this program are available up to $25 million.
The Georgia Fund, a state-funded program administered by GEFA, provides communities with low-interest loans for water, wastewater, water conservation and solid waste infrastructure projects. Eligible projects include water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters. These projects conserve and improve water resources, and facilitate economic growth and development. Low-interest loans from this program are available up to $3 million.