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Fostoria Receives Ohio EPA Loan for Wastewater Plant Improvements
The city of Fostoria has been awarded a $4.47 million low-interest loan from Ohio EPA’s Water Pollution Control Loan Fund (WPCLF) to make improvements at its wastewater treatment plant.
Over the 20-year life of the loan, the city will save an estimated $975,416 when compared to the market rate.
The city will construct two 100-foot diameter final clarifiers at the Perrysburg Road facility in Wood County. The existing clarifiers will be converted to aeration tanks. New piping and aeration improvements also are part of the project.
Since 1989, Ohio’s Water Pollution Control Loan Fund has awarded more than $6 billion in below-market financing for sewage treatment plant upgrades and other water quality improvement projects. The program has saved borrowers more than $1.1 billion in interest. Low-interest loans also have been provided to municipalities and individuals for agricultural best management practices; home sewage system improvements; contaminated site cleanup; and landfill closures. Additionally, the WPCLF can provide technical assistance to public wastewater 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’s Division of Environmental and Financial Assistance, 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.