November 11, 2010

Thursday’s Water News: Pennsylvania Community Awarded $8.3 Million Loan for Sewer Project

Posted in Colorado, Illinois, Minnesota, Missouri, Nebraska, Ohio, Pennsylvania, South Carolina at 6:49 pm by bengann

Pocono Township, Pennsylvania will receive a low-interest loan of $8.3 million from the state to help complete its $70 million sewer extension project. The township had applied for a loan of more than $38 million, the approximate cost to complete the project. Township officials say they’ll look into different financing options to cover the remainder of the cost. That could include grants or other loans.

Headlines
In Nebraska, the Omaha Public Schools canceled classes today at an elementary school after a water-main break in the neighborhood left the school — and its 1,200 students — temporarily without running water.

The Metropolitan St. Louis Sewer District is moving forward on a project to install a new storm sewer at a cost of $1.1 million. The new storm sewer will replace an existing one that has become deteriorated.

In South Carolina, the Charleston City Council has approved the Charleston Water System’s plan to borrow up to $155 million — an amount greater than the city’s annual budget — for construction projects that already have prompted a rate increase. Some of the borrowing is actually a refinancing of existing debt that will save Charleston Water System about $4 million in interest charges, while around two-thirds of the debt will finance new projects.

Construction is expected to be completed soon on a sanitary sewer project in Redwood Falls, Minnesota.

Sewer Rate News
Cedaredge, Colorado
Columbus, Ohio
Elgin, Illinois
Pickens, South Carolina

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