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Georgia communities receive infrastructure loans totaling $7.75 million
ATLANTA – Four Georgia communities were awarded financing totaling $7,750,000 for water and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) executive committee.
The communities include the cities of Emerson, LaFayette, Loganville, and Putnam County.
- Emerson was awarded a $2,400,000 Clean Water State Revolving Fund (CWSRF) loan.
- LaFayette was awarded a $750,000 Georgia Fund loan.
- Loganville was awarded a $3,000,000 Georgia Fund loan.
- Putnam County was awarded a $1,600,000 Georgia Fund loan.
“The water, sewer and wastewater infrastructure programs administered by GEFA assist local governments with improving their environmental infrastructure. Financing water, water supply, sewer and solid waste projects, as well as energy and water conservation 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, Georgia’s Congressional delegation, 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 water, water supply and 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 Emerson
The $2,400,000 CWSRF loan will finance constructing upgrades to the wastewater plant’s pumping, screening, equalization, and digestion systems. The additional treatment capacity as a result of the project will accommodate increased economic development in the city. Emerson will pay 2.71 percent interest on the 30-year loan.
City of LaFayette
The $750,000 Georgia Fund loan will finance repairs, replacements and renovations to the existing influent pump station at the LaFayette wastewater treatment plant. This project will provide the city’s water treatment plant improved water quality and operational reliability. LaFayette will pay 2.27 percent interest on the 15-year loan.
City of Loganville
The $3,000,000 Georgia Fund loan will finance needed upgrades to the city’s Big Flat Creek Wastewater Treatment Plant, such as repairs, replacements and renovations to the existing influent pump station, screens, filters, centrifuge, and pump equipment. The project will result in improved water quality and operational reliability. Loganville will pay 1.02 percent interest on the 10-year loan.
The $1,600,000 Georgia Fund loan will finance extending a water main and installing a booster pump station to convey water from Eatonton-Putnam Water & Sewer Authority to the Rock Eagle Technology Park and Putnam County High School. This project will also eliminate the use of well water responsible for pump and equipment damage at Putnam County High School, which is adjacent to the technology park. Putnam County will pay 3.03 percent interest on the 20-year loan.
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. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia. 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.