North Dakota awards $7M in clean water, drinking water SRF loans
The North Dakota Department of Environmental Quality (NDDEQ) has awarded over $7 million in State Revolving Fund loans for water and sanitary sewer projects. The funding went to three municipalities:
- The Town of Beulah received a $4,184,000 Clean Water State Revolving Fund (CWSRF) and a $1,923,000 Drinking Water State Revolving Fund (DWSRF) loan to replace aging water, sanitary sewer and storm sewer mains on Main Street.
- The City of Minnewaukan received a $270,000 CWSRF loan toward a project to provide sanitary sewer service to 18 to 20 undeveloped commercial and industrial lots.
- The City of St. John received a $920,000 DWSRF loan to replace their aging water tower with a larger 100,000- gallon water tower. This project will provide increased storage capacity, operational flexibility and safe drinking water for residents.
The U.S. EPA provides part of the SRF Programs funding, which offers below- market interest rate loans to political subdivisions for financing projects authorized under the Clean Water Act and Safe Drinking Water Act.
NDDEQ says that it awards loans to projects listed on the project priority list based on project eligibility determined by NDDEQ and the North Dakota Public Finance Authority’s review of repayment ability.