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PFA Loans St. Cloud $16.7 Million for Plant Upgrades

Improvements will reduce phosphorus discharges

10/31/2017 11:39:58 AM

Shane Delaney, 651-259-7236
Shane.M.Delaney@state.mn.us

ST. PAUL –
The Minnesota Public Facilities Authority (PFA) approved a $16.7 million loan for upgrades to the wastewater treatment plant in St. Cloud.

The funding will help the city pay for $24.3 million in water treatment improvements that will reduce phosphorus discharges. Earlier this year, the PFA awarded St. Cloud a $6.6 million grant for the project. Local entities are contributing another $1 million.

“Communities across Minnesota face serious water quality challenges,” said Governor Mark Dayton. “Last spring, I worked with the Minnesota Legislature to establish a grant program to help cities afford to make water quality improvements. These grants and loans will help the residents of St. Cloud to afford the clean drinking water they deserve.”

“This project will benefit the economy and environment,” said Shawntera Hardy, who chairs the PFA board and is commissioner of the Minnesota Department of Employment and Economic Development. “The St. Cloud upgrades, including new equipment, will enable officials to remove phosphorus from the waste stream and create pellets used by the farm industry for fertilizer.”

The latest round of funding came from the PFA’s Clean Water Revolving Fund, which has loaned more than $3 billion for wastewater and stormwater infrastructure projects in Minnesota since 1990. The 20-year, 1.095 percent interest loan will save St. Cloud taxpayers $2.8 million compared with a conventional loan over the same period.

The Minnesota Public Facilities Authority provides financing and technical assistance to help communities build and maintain infrastructure that protects public health and the environment and promotes economic growth. Since inception in 1987, the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota. Read more at the PFA website.




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