The cities of Dahlonega and Maysville are among 14 Georgia communities that will share state infrastructure loans totaling $44.3 million.
In Dahlonega, a $1.069 million Georgia Fund conservation loan will finance the installation of water lines, isolation valves and fire hydrants. The project will address deteriorating water lines and provide adequate pressure and volume for fire protection. The city will pay 1.15 percent interest on the 15-year loan.
In the city of Maysville, the $1.196 million Clean Water State Revolving Fund (CWSRF) conservation loan will finance the replacement of the city’s two existing wastewater pump stations, force mains, gravity sewers and manholes to reduce overflow within the city’s sanitary sewer collection system. The city will pay 1.70 percent interest on the 30-year loan.
"GEFA loans help local governments improve their environmental infrastructure. Financing water, wastewater, solid waste, and energy, land and water conservation projects encourages economic growth and the stewardship of our environment," Kevin Clark, Executive Director of the Georgia Environmental Finance Authority (GEFA) said in a press release announcing the loan amounts.
GEFA announced the awards on Tuesday, May 9.
http://accesswdun.com/article/2017/5/535043/dahlonega-maysville-get-million-dollar-plus-state-loans-for-infrastructure-projects