Clayton Water Authority Granted $ 60 Million in Low Interest Loans | New
JONESBORO – The Clayton County Water Authority has secured a $ 50 million loan from the Clean Water State Revolving Fund (CWSRF) and a $ 10 million CWSRF loan from the Georgia Environmental Finance Authority (GEFA) board of directors.
The $ 50 million loan will fund improved biosolids management at the WB Casey Water Harvesting Facility. This project will increase capacity from 24 to 32 million gallons per day. The county will pay 0.13% interest on the 20-year loan.
The $ 10 million loan will fund the rehabilitation of the county’s stormwater system. This project will ensure better stormwater management and diffuse pollution control. The authority will pay 0.13% interest on the 20-year loan.
The authority is eligible for reduced interest rates because it is a WaterFirst community.
CWSRF offers low interest loans for sewage and water pollution control infrastructure. These projects preserve and improve water resources and facilitate economic development. The program is jointly funded by the US Environmental Protection Agency and the State of Georgia.
The Georgia Environmental Finance Authority, headquartered in Atlanta, funds a variety of energy, land and water projects. Since 1985, GEFA has approved financial commitments totaling over $ 4.6 billion to local governments, businesses and non-profit organizations.