Bryan County was awarded $3 million in low-interest funds earlier this week from the state that will help pay for the county’s water and sewer project in South Bryan.
The money is a Georgia Fund loan from the Georgia Environmental Finance Authority (GEFA). The funds will finance a groundwater well and two sewage pump stations that will run from the county’s wastewater treatment plant in Waterways Township out to the county’s new Administrative Complex and middle school currently under construction. The lines will also serve any future subdivision developed in that area.
The county will pay a 3.81 percent interest rate on the 20-year loan of $3,000,000. The total project cost is $4,497,533, with GEFA providing the entire amount in two phases.
Phase I funding totals $3,000,000. The county is eligible for Phase II funding of $1,497,533 in calendar year 2011.
GEFA Executive Director Phil Foil announced the award Tuesday
“The Georgia Fund loan program is a tangible commitment by Gov. (Sonny) Perdue and the General Assembly to assist local governments across the state with their efforts to provide clean water, sewer system and solid waste improvements,” said Foil. “In addition to the public’s health and safety, these projects are critical to a community’s economic growth and prosperity.”
Foil expressed appreciation to Perdue, state Sen. Buddy Carter and state Representatives Bob Lane and Ron Stephens for their support. He credited Perdue’s commitment to helping Georgia cities and counties finance infrastructure development as one of the main contributors to GEFA’s success.
“Infrastructure improvements increase quality of life for Georgia citizens, and they help cities and counties create jobs and promote economic development,” said Gov. Sonny Perdue. “I’m pleased this investment is being made in water and wastewater infrastructure.”
GEFA helps communities prepare for economic growth and development by providing low-interest loans and grants. The Georgia Fund is a state-funded program administered by GEFA for water, wastewater and solid waste infrastructure projects. The program has maximum flexibility and accessibility and offers fast loan and grant approvals.
The Georgia Fund provides loans and grants to local governments for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters. Low-interest loans from this program are available up to $3 million.
The money is a Georgia Fund loan from the Georgia Environmental Finance Authority (GEFA). The funds will finance a groundwater well and two sewage pump stations that will run from the county’s wastewater treatment plant in Waterways Township out to the county’s new Administrative Complex and middle school currently under construction. The lines will also serve any future subdivision developed in that area.
The county will pay a 3.81 percent interest rate on the 20-year loan of $3,000,000. The total project cost is $4,497,533, with GEFA providing the entire amount in two phases.
Phase I funding totals $3,000,000. The county is eligible for Phase II funding of $1,497,533 in calendar year 2011.
GEFA Executive Director Phil Foil announced the award Tuesday
“The Georgia Fund loan program is a tangible commitment by Gov. (Sonny) Perdue and the General Assembly to assist local governments across the state with their efforts to provide clean water, sewer system and solid waste improvements,” said Foil. “In addition to the public’s health and safety, these projects are critical to a community’s economic growth and prosperity.”
Foil expressed appreciation to Perdue, state Sen. Buddy Carter and state Representatives Bob Lane and Ron Stephens for their support. He credited Perdue’s commitment to helping Georgia cities and counties finance infrastructure development as one of the main contributors to GEFA’s success.
“Infrastructure improvements increase quality of life for Georgia citizens, and they help cities and counties create jobs and promote economic development,” said Gov. Sonny Perdue. “I’m pleased this investment is being made in water and wastewater infrastructure.”
GEFA helps communities prepare for economic growth and development by providing low-interest loans and grants. The Georgia Fund is a state-funded program administered by GEFA for water, wastewater and solid waste infrastructure projects. The program has maximum flexibility and accessibility and offers fast loan and grant approvals.
The Georgia Fund provides loans and grants to local governments for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters. Low-interest loans from this program are available up to $3 million.