Awards will fund water infrastructure projects in Oronoco, Marshall and Detroit Lakes
7/17/2019 9:37:29 AM
Contact: Shane Delaney
ST. PAUL – The Minnesota Public Facilities Authority (PFA) today announced $20.8 million in loan and grant funding for water infrastructure projects in Oronoco, Marshall and Detroit Lakes.
“These three Greater Minnesota cities are utilizing PFA resources to improve their community wastewater infrastructure,” said Governor Tim Walz. “I congratulate these three cities on their awards.”
“Investing in a water infrastructure prepares these communities for future economic growth,” said Steve Grove, PFA chair and commissioner of the Minnesota Department of Employment and Economic Development. “The PFA continues to be a critical tool in helping communities all across Minnesota update and improve their water resources.”
Details on each award are below:
This project consists of watermain replacement and sewer line replacement along the south side of the city. A Drinking Water Revolving Fund (DWRF) loan of $2,109,691 will provide funding for the watermain replacement work. The one percent loan is expected to save $192,541 when compared to the cost of market-rate financing. Funding for the sewer line replacement will come from a Water Infrastructure Fund (WIF) grant of $2,218,040 and a Clean Water Revolving Fund (CWRF) loan of $554,510 at one percent, which will provide additional interest savings of $50,632 compared to market-rate financing.
This project will rehabilitate and improve the city’s wastewater treatment facility, including adding sludge storage and a new final clarifier. Funding comes in the form of a CWRF loan of $15,678,015. The 20-year-loan at one percent is expected to save $1,539,933 when compared to market rate financing.
This project consists of land acquisition, predesign, design and surveying for a waste water infrastructure system to serve the region. Funding comes from a special legislative appropriation.
The Minnesota Public Facilities Authority (PFA) provides financing and technical assistance to help communities build and maintain public infrastructure that protects public health and the environment and promotes economic growth. Since its inception in 1987 the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota.
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.