Porter Public Works Authority receives $1,000,000 wastewater system loan from OWRB
OKLAHOMA CITY – The Porter Public Works Authority (Authority) received approval for a $1,000,000 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) along with an EPA grant in the amount of $827,000, a Community Development Block Grant (CDBG) in the amount of $563,044.75, and an Indian Health Services grant in the amount of $204,000.
The Authority will use these proceeds to construct a new disinfection facility, install aeration equipment in the oxidation ditch, add flow measurement devices and a wet weather lift station and install yard piping. These improvements will provide additional water quality infrastructure to address disinfection and aeration for residents and businesses in and near the Authority.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,788,600 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 Blake Stephens and State Representative Kevin McDugle 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
