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Ohio EPA Loan Funding Delphos Water Line Project
Ohio EPA has issued a $60,257 low-interest loan to the city of Delphos for a water line project that will improve drinking water quality in a portion of the service area.
Ohio’s Water Supply Revolving Loan Account (WSRLA) provides loans at interest rates below market rate. Over the 20-year life of the loan, the city will save an estimated $17,300 when compared to the market rate.
The city plans to install about 600 feet of 12-inch diameter water line between the north end of existing lines in Gressel Drive and Marsh Avenue.
Started in 1998, the Ohio Water Supply Revolving Loan Account has provided more than $900 million in loans with below-market interest rates for compliance-related improvements to public water systems. The program has saved public water systems more than $158 million in interest. Additionally, the WSRLA can provide technical assistance to public water systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems.
This state revolving loan fund is partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The loan program is managed by Ohio EPA, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental reviews of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. In the past 40 years, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling. Ohio EPA….40 years and moving forward.