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Ohio EPA Loan Funding Water Line Construction in Rossford
Ohio EPA has issued a $2.15 million low-interest loan to the Northwestern Water and Sewer District to construct a new water supply line along River Road in Rossford.
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 district will save an estimated $470,000 when compared to the market rate.
The River Road water main provides water to Rossford, Perrysburg and portions of northern Wood County. The Northwestern Water and Sewer District will replace the unlined cast iron main built in 1924 with polyvinyl chloride pipe.
In addition to the WSRLA loan, the $2.42 million project also is receiving a $268,860 grant from the Ohio Public Works Commission.
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.