(From the Missouri Department of Natural Resources)The Missouri Department of Natural Resources has awarded $50 million in financial assistance to the city of Republic for upgrades to its wastewater treatment system. The project is estimated to total $102.7 million and should be completed by December 2026.
The project includes improvements to the city’s wastewater treatment plant to replace aging equipment, increase treatment for anticipated effluent limits and increase treatment capacity. The project is expected to improve water quality and extend the system’s life and efficiency.
Project funding consists of a $50 million low-interest loan through the Clean Water State Revolving Fund and $52.7 million from other sources. The funding provided by the department is estimated to save the city’s ratepayers approximately $27.1 million in interest over the loan’s 27-year term.
We believe in helping Missouri communities thrive, and this includes making sure they can upgrade important infrastructure like water treatment systems,” said Governor Mike Parson. “One of the ways we do that is by offering financial assistance through programs like the Clean Water State Revolving Fund.”
“Infrastructure such as wastewater systems are crucial to every community,” said Dru Buntin, director of the Missouri Department of Natural Resources. “Through this fund, we can help qualified cities like Republic identify and make the changes needed to improve their wastewater systems, which ultimately will improve the quality of life for Missourians.”
The Clean Water State Revolving Fund finances improvements to wastewater treatment facilities, sewer collection systems’ rehabilitation and extensions, and combined sewer overflow corrections. The fund also finances upgrades to security, efficiency and conservation measures. Communities that borrow from the fund benefit from the below-market interest rate and from assistance provided throughout their project from a department project manager.
The department is committed to assisting Missouri communities with water and wastewater infrastructure improvement projects. Through its Financial Assistance Center, the department provides funding opportunities for qualified communities with water quality, wastewater and drinking water infrastructure needs. This project will be funded wholly or in part with monies received from the U.S. Environmental Protection Agency.
For more information on wastewater and drinking water funding opportunities, visit dnr.mo.gov/water/business-industry-other-entities/financial-opportunities/financial-assistance-center.
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