$47 million in loans announced for city of Springfield water improvements
The loans come from the Clean Water State Fund with one being $37 million and the other $10 million, both going toward a new wastewater treatment plant.
NASHVILLE, Tenn. (WSMV) - The city of Springfield is getting millions of dollars in state loans to improve water infrastructure.
The loans for the City total $47 million and come from the Clean Water State Fund with one being $37 million and the other $10 million, both going toward a new wastewater treatment plant.
They are among four loans approved by the Tennessee Local Development Authority for the city of Springfield, Erwin Utilities Authority and the Northwest Dyersburg Utility District with all four loans totaling $48.6 million.
“The State Revolving Fund Loan Program provides significant financial help to communities with needs for water infrastructure improvements,” Gov. Bill Lee said. “Across our state, projects such as these give Tennesseans the service they need and boost the local economy. We look forward to seeing the impact of the projects these loans will help deliver.”
David Salyers, Commissioner of the Tennessee Department of Environment and Conservation, said that he was “pleased” to have a program such as this that helps fund critical infrastructure and that he appreciated the leaders “stepping up and going through the process to obtain this assistance.”
TDEC has awarded $8,806,173 in drinking water loans and $47 million in clean water loans to meet the state’s infrastructure needs this fiscal year.
More than $2 billion in low-interest loans have been awarded by Tennessee’s Clean Water State Revolving Fund Program since it inception in 1987.
Copyright 2024 WSMV. All rights reserved.
