The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it had closed a $5,059,900 20-year CWSRF loan with the Town of Florence. The loan carries a 1.739% interest rate.
The loan will fund multiple projects including installing grid bubble diffusers, surface mixing units, decanters, and a bar screen with order control at the Town’s South Wastewater Treatment Plant (WWTP), and rerouting influent flows from the North WWTP to the Town’s South WWTP by constructing a lift station and force main. The improvements will prevent the Town's North wastewater handling system from further deterioration and preclude any possible future violations of the municipal, state, and federal regulations.
WIFA is a governmental organization dedicated to protecting public health and promoting environmental quality through financial assistance for water and wastewater infrastructure. WIFA is Arizona's administrator of the Clean water and Drinking Water State Revolving Funds (CWSRF and DWSRF) and provides funding for drinking water, wastewater, and stormwater projects. The SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. Over the last 30 years, WIFA has proudly invested over $3 billion in Arizona's communities.