State awards $46.7M in low interest loans to Springfield Water and Sewer Commission for major improvements
Updated 11:18 AM;
Today 11:18 AM
The Springfield Water and Sewer Commission has secured $46.7 million in low-interest loans for capital improvements. Approximately 37,000 aeration heads (as shown here) will be upgraded as part of improvements to the biological nutrient removal system in the aeration basins at the Springfield Regional Wastewater Treatment Facility in Agawam.
Facebook Share
SPRINGFIELD The Springfield Water and Sewer Commission has been awarded $46,750,000 in low-interest subsidized loans for major capital improvement projects.
The loans are expected to save the commission and ratepayers a total of $19.7 million over a 20-year period, due to the reduced interest rates over the traditional bond market, and some forgiveness of principal, said Jaimye Bartak, commission spokeswoman.