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City borrows $14 million from DEQ to continue wastewater system repairs
The Louisiana Department of Environmental Quality finalized a low-interest loan on Tuesday afternoon with Monroe city officials that will enable the city to continue to repair its wastewater treatment system.
Monroe borrowed $14 million for the fifth phase of this project. The interest rate for the loan was 0.95 percent, which DEQ recently lowered from 2.95 percent.
The city will use the money to reduce sewer system inflow and infiltration within the collection system. The city's system consists of more than 330 miles of pipe, some of which was installed in the 1920s and 1930s. Because the pipe is in poor condition, extraneous water enters the wastewater system through cracks in the pipes, manholes and other entry points when it rains.
For this phase of the city's project, Monroe has hired a contractor to rehabilitate the system in the central part of the city located at South Grand, South 13th, DeSiard and Bright streets.
The rehabilitation project will make sure all manholes have proper led protection. It also calls for replacing or repairing any pipes in this area of Monroe to give the city a more reliable wastewater treatment system.
Louisiana's Clean Water State Revolving Loan Fund program offers low-interest loans to communities for the construction or upgrade of wastewater treatment works and other water quality improvement projects. The program was created by the Clean Water Act Amendments of 1987 and the first loans in Louisiana were made in 1990. Since then more than $400 million in loans have been made to Louisiana communities. |
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