The Granite Public Works Authority Receives $483,343 Water System Loan with Principal Forgiveness from the OWRB
View allThe Granite Public Works Authority Receives $483,343 Water System Loan with Principal Forgiveness from the OWRB
OKLAHOMA CITY – The Granite Public Works Authority (Authority) received approval for a $483,343 loan with 100% principal forgiveness on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF).
The Authority operates a public water system and will use the funding to install approximately 500 new water meters equipped with automated metering infrastructure (AMI), which provides accurate, real-time water-use data. This technology will improve the efficiency of water system operations, enhance leak detection, and strengthen monitoring and control of key infrastructure. By reducing the need for manual meter reading, the project will give operators more time to focus on system maintenance and repairs. These upgrades will support long-term water reliability and help ensure the community continues to receive dependable, high-quality service.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $779,243 when compared to traditional financing.