SMYRNA, Tenn. (WTVF) — Gov. Bill Lee and Tennessee Department of Environment and Conservation (TDEC) Commissioner David Salyers announced two loans to improve Smyrna's water infrastructure.
The loans total $20.2 million. They are among three approved by the Tennessee Local Development Authority, with a loan of $300,000 for the Arthur Shawanee Utility District in Harrogate.
“These loans go a long way toward meeting the needs of communities throughout our state,” Lee said in a press release. “Tennesseans deserve reliable infrastructure, and the State Revolving Fund Loan Program is an excellent way to meet that need.”
“We are pleased we can provide these loans,” Salyers said in the release. “They make investments in local communities affordable and pave the way for environmental responsibility.”
A loan for Smyrna for $17.2 million comes from the Clean Water State Revolving Fund Loan Program and will address improvements to the wastewater treatment system. The loan has a 30-year term at 0.9 percent interest.
Smyrna also receives a $3 million loan from the Drinking Water State Revolving Fund Loan Program. It will address improvements to the water distribution system. The loan has a 20-year term at 0.68 percent interest.