DEP Awards Loan to Lee County
Lee County to receive funds for wastewater system improvements
April 1, 2009
The Florida Department of Environmental Protection (DEP) recently awarded a $10 million low interest loan to Lee County for wastewater management. The loan, part of DEP’s State Revolving Fund Program will expand the Gateway Wastewater Treatment Plant.
This project is a part of ongoing efforts by Lee County to improve the water quality of the surrounding area. Expanding the County’s treatment, collection and disposal facilities will eliminate septic tanks that currently contribute nutrients and pathogens to the groundwater and nearby water bodies.
Expanding the County’s treatment facilities will eliminate septic tanks that currently contribute nutrients and pathogens to the groundwater and nearby water bodies.
“Florida is committed to protecting all of our lakes, rivers, streams, aquifers and coastal waters by using highly developed water quality improvement technologies,” said DEP Secretary Michael W. Sole. “Through legislative appropriations and DEP’s State Revolving Fund, the Department is helping build and upgrade local government systems to ensure the highest standards are met.”
DEP established the State Revolving Fund to provide low interest financing to plan, design and build wastewater and stormwater systems. Funds can be used for wastewater, stormwater, reuse, estuary protection and other water quality improvement projects. Funded by federal capitalization grants, state matching funds, loan repayments and interest earnings, State Revolving Fund loans are generally offered at interest rates substantially below current market rates and are targeted to help make loans affordable. Repayments from earlier loans are used to make new loans, allowing the program to operate in perpetuity.
Since 1999, Florida has invested more than $3.5 billion to upgrade and improve water and wastewater facilities and clean up stormwater pollution, funding about 2,100 projects statewide. Since 1999, the State Revolving Fund Programs have committed more than $2.2 billion, including more than $150 million last year, to plan, design and build wastewater facilities across the state.
For more information, visit the State Revolving Fund website.
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