ATLANTA – The Liberty County Industrial Authority was awarded a $3,000,000 Georgia Fund loan by the Georgia Environmental Finance Authority (GEFA) board of directors.

The loan will finance the installation of an elevated storage tank and water and sewer infrastructure. This project will help support the growing needs of commercial and industrial customers at the Tradeport East Business Center.

The Authority will pay 1.53% interest on the 20-year loan, which is eligible for a reduced interest rate because this project is a conservation project. 

The Georgia Fund, a state-funded loan program, provides communities with low-interest loans for water, wastewater, water conservation, and solid waste infrastructure projects. Eligible projects include water and sewer lines, treatment plants, pumping stations, wells, water storage tanks, and water meters. These projects conserve and improve water resources and facilitate economic growth and development. 

About the Georgia Environmental Finance Authority (gefa.georgia.gov):

The Georgia Environmental Finance Authority (GEFA), headquartered in Atlanta, provides financing for a variety of energy, land, and water projects. Since 1985, GEFA has approved financial commitments totaling more than $4.3 billion to local governments, businesses, and nonprofit organizations. For more information, visit gefa.georgia.gov, Twitter, Facebook, LinkedIn, YouTube, or Flickr.