MOULTRIE — The City of Moultrie was awarded a $2 million Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) board of directors.

The loan will finance rehabilitating the city’s sewer system. This project will reduce inflow and infiltration, improve efficiency, and protect public health, according to a press release from GEFA.

The city will pay 0.83% interest on the 20-year loan. The loan qualifies for a reduced interest rate due to GEFA’s affordability criteria and the project being a conservation activity, the press release said. The city is eligible for principal forgiveness up to $1.5 million.

The CWSRF provides low-interest loans for wastewater and water pollution control infrastructure. These projects conserve and improve water resources and facilitate economic development. The program is jointly funded by the U.S. Environmental Protection Agency and the State of Georgia.

GEFA offers a reduced interest rate for energy efficiency and renewable energy projects at water and wastewater treatment plants, landfills, and municipal solid waste facilities; water conservation projects in the areas of water loss and end-use water efficiency; and nonpoint source pollution control projects.

The Georgia Environmental Finance Authority, headquartered in Atlanta, provides financing for a variety of energy, land, and water projects. Since 1985, 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.