Press Release

Idabel Public Works Authority receives $870,700 wastewater system loan from OWRB

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August 15, 2023

Press Release

OKLAHOMA CITY – The Idabel Public Works Authority (Authority) received approval for a $870,700 loan Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s wastewater infrastructure.  The planning and design to the wastewater system will be financed by a 100% principal forgiveness loan through the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority needs to make improvements to their wastewater treatment plant to make the facility more efficient and cost effective and provide capacity to address future growth. These proceeds will be used for the planning and design of the proposed improvements.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,329,900 compared to traditional financing.