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Conservation project qualifies for interest rate reduction

 

ATLANTA – January 25, 2021. Social Circle, Georgia, was awarded a $3,320,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) board of directors. 

 

The loan will finance upgrading the sewer system and performing an inflow and infiltration study. The project will ensure structural integrity of the pipes and reduce sewage overflows and energy costs.

 

The city will pay 0.73% interest on the 20-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate.

 

The CWSRF provides low-interest loans for wastewater and water pollution control infrastructure. These projects conserve and improve water resources and facilitate economic development. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia.

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