$474 million in loans available for wastewater, drinking water projects
The Environmental Improvement and Energy Resources Authority will be issuing $32 million in tax-exempt revenue bonds to support Missouri’s water and wastewater infrastructure.
The proceeds of this issuance will provide low-interest loans to communities throughout Missouri to repair or replace aging drinking water and wastewater systems.
Including the EIERA bonds being issued, it is anticipated that more than $391 million in low-interest loans will be available for wastewater projects and $69 million will be available for drinking water projects for fiscal year 2019.
“Aging water and wastewater systems is a problem for all Missouri communities,” said Governor Parson. “Repairing and replacing these systems is very expensive, and funding is often limited. Fortunately, communities in Missouri have access to infrastructure funding through the State Revolving Loan Fund.”