COVINGTON — The village of Covington is receiving a loan from Ohio EPA to begin Phase 1 improvements to the community’s wastewater treatment plant.
The project will ensure the facility effectively treats sewage and properly discharges treated effluent by replacing the pump station used during high water levels in the Stillwater River. The project also will rehabilitate the wastewater disinfection system.
Created in 1989, the Water Pollution Control Loan Fund (WPCLF) provides below-market interest rate loans for communities to improve their wastewater treatment systems. The 1 percent interest rate on the $696,000 loan will save the village an estimated $211,000. Ohio EPA financing is covering approximately 47 percent of the project cost. The rest of the cost is being covered by the Ohio Public Works Commission and local funds.
In addition to improvements to publicly owned treatment works, WPCLF loans have been provided for agricultural best management practices, home sewage system improvements, landfill closures and water quality-based storm water projects. The WPCLF provides technical assistance to public wastewater systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems. WPCLF loans also make possible the restoration and protection of some of Ohio’s highest quality water bodies through the fund’s Water Resource Restoration Sponsor Program.
Ohio EPA’s revolving loan funds are partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The loan program is managed by Ohio EPA’s Division of Environmental and Financial Assistance, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental and other technical reviews/approvals of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.