Newton County Water & Sewerage Authority awarded $25 million loan for wastewater treatment facility
ATLANTA – January 28, 2019. The Newton County Water & Sewerage Authority was awarded a $25,000,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia EnvironmentalFinance Authority (GEFA) board of directors.
The loan will finance the construction of the Little River Water Reclamation Facility and access road, conversion of existing forcemain to gravity sewer, and the installationof sewer main. The project will provide infrastructure and treatment capacity to facilitate job creation and commercial development.
The authority will pay 1.93 percent interest on the 30-year loan, which is eligible for a reduced interest rate because Newton County is a WaterFirst Community.
The CWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollutioncontrol 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 waterresources and facilitate economic growth and development. Low-interest loans from this program are available up to $25 million.
About the Georgia Environmental Finance Authority (gefa.georgia.gov):
The Georgia Environmental Finance Authority(GEFA), headquartered in Atlanta, is the lead agency for state energy programs; directs the Georgia Land Conservation Program; maintains state-owned fuel storage tanks; and offers financing for reservoir and water supply, water quality, stormwater, and solidwaste infrastructure. Since 1985, GEFA has approved financial commitments totaling more than $4.3 billion to local governments, businesses, and nonprofit organizations. For more information, visit gefa.georgia.gov