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Carol
Stream lands IEPA loan
to expand treatment plant
IEPA News Release
- 7/20
Springfield, Ill.
-- A low interest loan of $7,550,954 has been approved for the
village of Carol Stream to upgrade and expand its wastewater
treatment facilities. The funding, from the Illinois Environmental
Protection Agency's revolving loan fund, will allow the DuPage
County community to replace outdated equipment that is subject to
breakdown and costly to repair. It will also allow the plant to
adequately handle projected growth wihin its service area.
"Renovation
of antiquated infrastructure can be a major problem for smaller
communities. This loan interest loan will help Carol Stream
continue to provide a healthful environment for its citizens at an
affordable rate of interest," said Renee Cipriano, IEPA
director.
The money is
being made available from the Illinois Environmental Protection
Agency's Wastewater Revolving Fund, which uses a mix of federal
and state dollars to make loans at half the current bond market
interest rate to communities to improve wastewater treatment
capabilities. Money repaid on the 20-year low interest loans is
returned to the fund to support new loan applications. More than
$7 billion has been invested in sewage systems and treatment works
since the program began in 1989.
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