Lee, TDEC Announce $580,000 Loan for Waverly Water Improvements einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Smyrna will receive two loans from the state worth a total of $20.2 million to improve its water infrastructure.
âWe are pleased we can provide these loans,â Tennessee Department of Environment and Conservation Commissioner David Salyers said. âThey make investments in local communities affordable and pave the way for environmental responsibility.â
A loan for Smyrna for $17.2 million came from the Clean Water State Revolving Fund Loan Program and will address improvements to the wastewater treatment system. The loan has a 30-year term at 0.9 percent interest.
Smyrna also received a $3 million loan from the Drinking Water State Revolving Fund Loan Program. It will address improvements to the water distribution system. The loan has a 20-year term at 0.68 percent interest.