Caddo Public Works Authorityreceives$117,560loan from OWRB
The Caddo Public Works Authority (Authority) received approval for a $117,560 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure. The study and planning upgrades and improvements to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).
The Authority will utilize the proceeds to conduct a Sanitary Sewer Evaluation Survey (SSES) to identify areas of the sewer system within the Authority which need to be addressed. This survey will then be analyzed by a consulting engineer for system upgrade recommendations. Recommended improvements, based on the findings from the study, will help to reduce the amount of inflow and infiltration in the system thereby reducing the unintended flows to the wastewater treatment facility.
Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $162,430 compared to traditional financing.
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