News Release 272

Department of Natural Resources awards $7.6 million loan to El Dorado Springs for wastewater system improvements

Volume 38-272 (For Immediate Release)
Contact: Renee Bungart
573-751-4465

JEFFERSON CITY, MO, MAY, 4, 2010 - The Missouri Department of Natural Resources has announced that a loan of $7,646,600 has been provided to El Dorado Springs for improvements to the city’s wastewater treatment and collection systems.

The city will use the proceeds for the construction of a new activated sludge wastewater treatment plant and improvements to the southwest pump station. 

Funding for the loan comes from the Clean Water State Revolving Fund.  The fund is a joint effort between the Missouri Department of Natural Resources and the U.S. Environmental Protection Agency to provide cost effective financing for wastewater treatment and collection.  The interest rate on the loan will be 1.7 percent, which is substantially below current market rates.  The project is expected to be completed this spring.  

The Missouri Department of Natural Resources’ Water Protection Program will administer the loan funds.  The department is committed to working closely with communities to assist with funding efforts that support wastewater infrastructure improvement projects, as well as provide a financial savings.

For more information, contact the department’s Water Protection Program, Financial Assistance Center, P.O. Box 176, Jefferson City, MO 65102-0176 or call 800-361-4827 or

573-751-1192 or visit the Department’s web site at dnr.mo.gov/env/wpp/srf.

 

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