Governor Ryan Announces Additional Loan For New Bloomington-Normal
Wastewater Treatment Plant
For Immediate Release
March 20, 2002 |
Contact: Joan Muraro
217-785-7209
TDD: 217-782-9143 |
Springfield, Ill. -- Governor George H. Ryan announced today that
another $19.6 million in state low-interest loan funds have been provided
to the Bloomington-Normal Water Reclamation District for continued construction
of a new wastewater treatment plant.
"This new treatment facility is vital to accommodating the continued
strong growth in the Twin Cities metropolitan area," said Governor Ryan.
"We are pleased to work with the community in helping finance this new
facility and associated interceptor sewers," said Illinois EPA Director
Renee Cipriano.
The additional $19,626,860 in loans from the Illinois EPA's Wastewater
Revolving Fund will bring the total to $31,626,860 for the project that
was started in the spring of 2001. It is anticipated additional loan funds
will be provided in 2003 to complete the $48 million project.
The Wastewater Revolving Fund is financed through an 80 percent federal
grant. Governor Ryan's Illinois FIRST program assured the full state matching
share of 20 percent would be provided to capture the maximum federal funding
available to Illinois for the program. In addition, the repayments from
the communities receiving the loans are also used to provide new loans.
Since the program started in 1989, more than $1 billion has been made
available for wastewater treatment and centralized sewer projects around
the state. The 20-year loans are made available at half the market interest
rate.
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