For immediate release: Feb 05, 2009
Posted by: [IFA]
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State releases first round of stimulus eligible projects

Contact: Ryan Kitchell, 317.233.4334, rkitchell@omb.in.gov

    Jennifer Alvey, 317.233.4338, jalvey@ifa.in.gov

State releases first round of stimulus eligible projects

                

INDIANAPOLIS, February 5, 2009-The Indiana Finance Authority (IFA) released the first group of wastewater and drinking water projects that would be eligible for interest-free loans if a federal stimulus package is approved.  Twelve projects totaling $36 million and ranging from a $320,000 wastewater treatment plant in Dugger to a nearly $10 million wastewater treatment plant in Peru are on the list.  

 

"Governor Daniels charged us to move as quickly as possible to put Hoosiers to work. These projects are either ready to go or receiving final approvals. They will put Hoosiers to work now and build critical infrastructure that will help attract more jobs to these areas and improve public health through improved water quality," said Ryan Kitchell, chairman of the IFA.

 

The IFA notified the 12 communities to proceed with project bidding. If a federal stimulus bill passes and includes clean water funding for the state, these will be the first projects to receive 0 percent interest loans. 

 

The United States House of Representatives recently passed a federal economic stimulus bill that includes approximately $140 million in wastewater and $28 million in drinking water funding for qualifying Indiana projects.  The United States Senate is currently considering this bill.  If the House-passed language were to become law, it would distribute these funds to the Indiana State Revolving Fund, an existing program managed by the IFA which makes loans to communities for wastewater and drinking water projects. 

 

The 12 projects are:

Community DW/WW County Loan Amount Project Need
Liberty DW Union $1,500,000   New Water mains 
Madison DW Jefferson $982,000   New Water mains 
North Manchester DW Wabash $3,785,000   New Water mains 
Jackson Co DW Jackson $3,479,000  Well/storage/mains 
Walton WW Cass $1,185,000  Wastewater Treatment Plant Improvements 
Peru WW Miami $9,610,000  Wastewater Treatment Plant Improvements 
Brownsburg WW Hendricks $5,468,000  Wastewater Treatment Plant Improvements 
Darlington  WW Montgomery $1,681,000  Wastewater Treatment Plant Improvements 
Dugger  WW Sullivan $320,000  Wastewater Treatment Plant Improvements 
Ladoga WW Montgomery $948,000  Sewer Rehab 
Rensselaer WW Jasper $5,000,000  Wastewater Treatment Plant Improvements 
Mount Vernon  WW Posey $2,000,000  Sewer Rehab 

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