Big Cabin Public Works Authority receives $926,286 wastewater loan from OWRB
OKLAHOMA CITY – The Big Cabin Public Works Authority (Authority) received approval for a $926,286 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. Construction of upgrades and improvements to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority will utilize these proceeds to relocate the force main by installing approximately 11,000 linear feet (LF) of 6-inch force main piping directly to the existing wastewater treatment facility. These improvements will help to alleviate the load on the current gravity system by increasing capacity and implementing diversion, improving community conditions, and decreasing unintended discharge and overflows.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,430,700 compared to traditional financing.
The CWSRF program is administered by the Oklahoma Water Resources Board with partial funding from the U.S. Environmental Protection Agency (EPA). The CWSRF program has provided approximately $2.4 billion in water quality loans to provide communities the resources necessary to maintain and improve the infrastructure that protects our valuable water resources statewide.
Since 1983, the Oklahoma Water Resources Board has approved over $6.5 billion in loans and grants for water and wastewater infrastructure improvements throughout Oklahoma.
“We are grateful to State Senator Micheal Bergstrom and State Representative Rusty Cornwell for their support of our financial assistance programs,” said Julie Cunningham, Executive Director of the OWRB.
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Contact:
Joe Freeman
Oklahoma Water Resources Board
(405) 530-8800
Joe.Freeman@owrb.ok.gov