The Iowa Finance Authority announced this morning it has disbursed more than $33.7 million in low- and no-interest water quality loans to 29 Iowa cities through the State Revolving Fund.
A big portion of that funding went to the Des Moines Metro Wastewater Reclamation Authority, which is made up 17 metro area municipalities, counties and sewer districts. The WRA received a total of $13.2 million for three construction projects.
The WRA is using a $6 million loan to build a new pump station near the 5800 block of Winona Avenue in Des Moines. The project, known as the Southwest Area Diversion Facility Pump Station, will be used during heavy rains to temporarily divert sewer flow to a holding basin south of Norwalk until it can be processed at the treatment facility.
Another $5.4 million loan is being used to construct the Mud Creek Interceptor, a project to connect Bondurant to the Wastewater Reclamation Authority.
A $1.8 million loan for the New Main Outfall Project will eliminate combined sewage flows into the Des Moines River downtown, taking the water instead downriver to the wastewater treatment facility.
The Iowa Finance Authority and Iowa Department of Natural Resources jointly administer the State Revolving Fund, which has provided more than $2.1 billion in construction loans and $130 million in planning and design loans since its inception.
"The State Revolving Fund is an important resource for Iowa communities as they face a wide array of water quality improvement needs," said Iowa Department of Natural Resources Director Chuck Gipp. "Quality water costs money, and the State Revolving Fund helps make the investment in Iowa's water more affordable for communities."
The cities of Grimes and Ames also received planning and design grants of $950,000 and $375,000, respectively. To view a complete list of the loan awards,click here.