Youngstown Receiving $19M for Wastewater Improvements
YOUNGSTOWN, Ohio — A $19 million loan from the Ohio Environmental Protection Agency will pay for improvements to the effluent pumping and microscreen systems at the city’s wastewater treatment plant on Poland Avenue.
The loans are part of $97 million in financing being distributed to communities in northeastern Ohio through the Ohio Environmental Protection Agency’s Water Pollution Control Loan Fund and the Water Supply Revolving Loan Account. The monies are made available through low-interest and principal forgiveness funding to improve wastewater and drinking water infrastructure and make other water quality improvements, which will save the communities more than $14.7 million, according to a release by the Ohio EPA.
Other Mahoning Valley communities receiving funds include East Palestine, which is receiving $550,000 to build an equalization basin and additional interceptor as well as improve its wastewater collection system; $268,000 to Trumbull County for improvements to the South Bedford Road Sanitary Sewer; and Salem, which is receiving a $20,000 interest-free loan for asset management plans for its drinking water system, $10,000 of which is principal forgiveness and does not have to be repaid.
These loans and others made to northeastern Ohio communities were approved between between July 1 and Sept. 30, 2018.
In Q3, the Ohio EPA awarded about $174 million in loans statewide, including $6.6 million in principal forgiveness. In all, Ohio communities will save more than $34.3 million compared to market-rate loans.
Copyright 2024 The Business Journal, Youngstown, Ohio.