Walnut Grove awarded $2.4 million loan for water and sewer system infrastructure

Walnut Grove City Hall. Photo credit: Stephen Milligan

ATLANTA – November 14, 2024. Walnut Grove, Georgia, was awarded a $2,440,500 Georgia Fund loan by the Georgia Environmental Finance Authority (GEFA) board of directors. 

The loan will finance constructing a 0.10 million gallon per day treatment plant, expanding the Walnut Grove land application system, upgrading pump stations, and rehabilitating an oxidation pond for treated water storage. This project will address treatment quality and increase treatment capacity to support additional development in the city.

The city will pay 3.92% interest on the 30-year loan.

The Georgia Fund, a state-funded loan program, provides communities with low-interest loans for water, wastewater, water conservation, and solid waste infrastructure projects. Eligible projects include water and sewer lines, treatment plants, pumping stations, wells, water storage tanks, and water meters. These projects conserve and improve water resources and facilitate economic growth and development.

About the Georgia Environmental Finance Authority (gefa.georgia.gov):

The Georgia Environmental Finance Authority (GEFA), headquartered in Atlanta, provides financing for a variety of energy, land, and water projects. Since 1986, GEFA has approved financial commitments totaling almost $6 billion to local governments, businesses, and nonprofit organizations. For more information, visit gefa.georgia.gov, Twitter, Facebook, LinkedIn, or YouTube.