PFA Approves $3.52 Million in Funds

PFA Approves $3.52 Million in Funds

~Funding will support projects in Winger and Nashwauk~

ST. PAUL – The Public Facilities Authority (PFA) approved loans and grants for water infrastructure projects in two cities totaling $3.52 million. Funding was approved for Winger and Nashwauk.

“Communities across Minnesota face serious water-quality challenges,” said Governor Mark Dayton. “This funding supports improvements that will give residents of Winger and Nashwauk access to the safe drinking water they deserve.”

“These projects represent significant investments in our communities’ infrastructure,” said PFA chair and commissioner of the Minnesota Department of Employment and Economic Development (DEED) Shawntera Hardy. “By utilizing PFA funds, cities in Minnesota are preparing for future growth and protecting their drinking water.”

See details on the projects below:

Nashwauk $1.14 million

This project consists of the replacement of city water mains, hydrants and valves. Nashwauk will use a $1,143,472, 20-year-loan from the Drinking Water Revolving Fund (DWRF) to fund the project. The 1 percent loan will save an estimated $236,188 when compared to the cost of market-rate financing.

Winger $2.38 million

The City of Winger will install two new wells and construct a new water treatment plant. The total project cost is $2,383,985 and will receive a DWRF loan of $899,920 and a $1,484,065 DWRF principal forgiveness grant. The 1 percent 30-year-loan is expected to save $310,485 when compared to the cost of market-rate financing.

The Minnesota Public Facilities Authority helps communities build and maintain infrastructure to protect public health and the environment and promote economic growth. The PFA has financed $4.5 billion in public infrastructure projects throughout Minnesota since its inception in 1987. Read more at the PFA’s website.