Augusta-Richmond County was awarded a $23,530,950 low-interest loan today that will finance the extension of sewer lines from the Messerly Water Pollution Control plant to a trunk line along Butler Creek.
The financing through the Georgia Environmental Facilities Authority's Clean Water State Revolving Fund carries a 3-percent interest rate over 20 years, and will allow a faster completion of a critical environmental infrastructure project.
Augusta's project was the largest of seven announced today by Gov. Sonny Perdue.
"Investment in our state's water and sewer infrastructure stimulates the economy, promotes the stewardship of our natural resources, and helps to meet Georgia's future water needs," Perdue said. "The projects approved today will improve water system efficiency and will ensure clean and safe water."
Other awards, which brought the total to $46 million, were made to the cities of Blairsville, Crawfordville, Lookout Mountain, Meigs and Port Wentworth, and the Henry County Water and Sewerage Authority.
The authority helps communities prepare for economic growth and development through the provision of low interest loans. The Clean Water State Revolving Fund is a federal loan program administered by Georgia for wastewater infrastructure and water pollution abatement projects.