ATLANTA – Midway, Georgia, was awarded a $1,217,000 Drinking Water State Revolving Fund (DWSRF) loan by the Georgia Environmental Finance Authority (GEFA) board of directors.

The loan will finance the construction of a new well. The city’s current water supply consists of one well that is 40-years old. This project will alleviate low pressure problems and provide reliability and redundancy.

The city will pay 1.04% interest on the 20-year loan. The loan qualifies for a reduced interest rate because a portion of this project is a conservation activity.

The DWSRF provides low-interest loans for infrastructure projects that deliver safe, affordable drinking water. 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.